Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/13315
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dc.contributor.authorBalasubramanian, Bala N.
dc.date.accessioned2015-04-22T12:05:12Z
dc.date.available2015-04-22T12:05:12Z
dc.date.issued2014
dc.identifier.urihttp://hdl.handle.net/11718/13315
dc.description.abstractThe passing of the long awaited Companies Act in 2013 is probably the single most important development in India’s history of corporate legislation, next only to the monumental Companies Act 1956 which it replaces. While significant improvements have been effected in required standards of corporate governance, there is also some concern regarding overly increasing compliance and regulatory costs and efforts for companies as well as their independent directors. Among the major provisions of the Act are those of restraining voting rights of interested shareholders on related party transactions, recognition of board accountability to stakeholders besides shareholders, and extension of several good governance requirements to relatively large unlisted corporations. The author (Adjunct Professor at the Indian Institute of Management Ahmedabad, and Founding and former Chairman, and Advisor of the Centre for Corporate Governance and Citizenship at the Indian Institute of Management Bangalore) acknowledges with gratitude the very helpful comments and suggestions of Afra Afsharipour, Sharad Abhyankar and Nawshir Mirza.en_US
dc.language.isoenen_US
dc.publisherIndian Institute of Management, Ahmedabaden_US
dc.relation.ispartofseriesWP;2420
dc.subjectCorporate Governanceen_US
dc.subjectLegislativeen_US
dc.subjectRegulatoryen_US
dc.subjectCompanies Acten_US
dc.titleStrengthening corporate governance in India a review of legislative and regulatory initiatives in 2013-14en_US
dc.typeWorking Paperen_US
Appears in Collections:Working Papers

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