IIMB Management Review
Document Type
Article
Abstract
While corporate governance as a concept has received in creasing attention in recent years, there appears to be some lack of clarity, at least in popular perception, as to what exactly is covered under this expression. Similarly, there is also a great deal of righteous indignation, particularly on hindsight, when some thing apparently goes wrong with the corporate world and frequently efforts are made to pinpoint responsibility and, perhaps, even seek retribution. This self-correcting reaction is, in most cases, the societal esponse towards chastising the wrong-doers and restoring order and balance in normative compliance. Very much like the divine incarnations in each era seeking to eliminate evil and uphold the righteous. Welcome as this process is, it is important in a more material context to establish what the accepted conduct is under varying circumstances and timeframes, who is accountable and to whom, and what kind f an operating environment or infrastructure ought to be in place not only to ensure but also to enable proper discharge of assigned responsibilities.
Recommended Citation
Balasubramanian, N
(1996)
"Corporate governance: What it means and what it needs,"
IIMB Management Review: Vol. 8:
Iss.
3, Article 4.
Available at:
https://research.iimb.ac.in/imr/vol8/iss3/4
Publication Date
12-1-1996
First Page
82
Last Page
92