Scams and Corporate Governance

The various scams afflicting India over the last few months were largely perceived as matters within the realm of public governance involving the Government, ministers and officials. Lately, however, the spotlight seems to be shifting to the private sector and to companies that are alleged to be beneficiaries of public mismanagement of resources. Questions are being asked about the acts and omissions of the corporate sector.

After reading two op-eds today, one by T.N. Ninan in the Business Standard and the other by Shailesh Dobhal in the Financial Express, I cannot help but begin to wonder (at the risk of sounding sensationalistic): Is there another wave of corporate governance crises lurking beneath the surface?

About the author

Umakanth Varottil

Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions and cross-border investments. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India.

1 comment

  • Dear All

    My question is that is it legal in India to collect Application fees in form of demand draft for Job.As one of the NGO in MOHALI is doing the same.Can a PVT LTD Company also do it or is it illegal??

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