Public Sector Undertakings and Corporate Governance

The NSE Centre for Excellence in
Corporate Governance (CECG) has issued its most recent quarterly briefing
titled “Corporate
Governance in State-Owned Enterprises
”. The executive summary is as
follows:
– State-Owned
Enterprises (SOEs) constitute an integral part of India’s economy, and their
performance has generally been encouraging;
– They are subject
to stringent governance norms: those applicable to private sector companies and
more;
– Although SOEs
are owned by the government, their control, supervision and management are
somewhat diffused;
– They suffer from
unique issues and challenges in corporate governance;
– Nevertheless,
through appropriate reforms in their governance, the benefits of SOEs to the
economy can be maximized.

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.

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