While examining issues pertaining to corporate governance, a myopic approach is to look at the interest of the shareholders, whose interests are to be protected. On the other hand, there is a school of thought, known as the “stakeholder” approach, which calls for governance of companies with a view to protecting the interest of stakeholders in a company, which include not only shareholders, but...
Independent Directors and Family-Owned Companies
I came across an interesting article Guests at the Table?: Independent Directors in Family-Influenced Public Companies by Professor Deborah DeMott. Although the article focuses primarily on U.S. law (where family-owned companies are more the exception than the rule), it does have a significant bearing on the Indian situation as well. In India, a large number of publicly listed companies continue...
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