Continuing from the previous post on this topic: 4. The Convergence vs. Divergence DebateThe dominance of managers over shareholders in the US, the role of institutions in the UK, that of banks and labour unions in Germany, the existence of complex cross holding structures in East Asia (such as chaebol in Korea and the keiretsu in Japan), state-owned enterprises in China and finally family-owned...
Comparative Corporate Governance (Part I)
There have been some recent developments (particularly studies) in the area of comparative corporate governance that are noteworthy. Some of them concern India directly, while others are international but could provide valuable lessons for India. 1. Comparative Studies of Corporate Governance Across Countries The Race to the Bottom blog (which is a US law professional – faculty – student...
PSUs and Corporate Governance
In a continuation of the debate between SEBI and the public sector undertakings (PSUs) over whether the latter should comply with the provisions of Clause 49 of the listing agreement regarding corporate governance, the SEBI Chairman, Mr. Damodaran has categorically stated that there will be no relaxation for PSUs from the applicability of the corporate governance norms (see reports in the...
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