ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Corporate Governance: Myth and Reality

Free markets are not free-for-all markets. And while the contours of corporate governance are not perfect even in the west, there exist in most developed countries well developed legal, regulatory and institutional frameworks for corporates with a critical degree of activism of shareholders and institutional investors. Indian corporates need to regard the issue of governance not as an irritant or impediment but as an essential tool and mechanism for their very survival in the new economic environment.

World Bank-CII Study on Competitiveness

The study should be seen as one of the first attempts to define and legitimise the second generation of economic reforms. However, the narrow definition of 'investment climate' employed in the study excludes several important factors that govern competitiveness, such as social infrastructure.
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