Parikalpana: KIIT Journal of Management

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Structural Dynamics of Boards in Indian Public Sector Banks


Affiliations
1 School of Management Studies, Indira Gandhi National Open University, New Delhi, India
 

In the light of the Companies act, 2013 , RBI and SEBI norms with respect to corporate governance in banks , a need was felt to analyse the structural dynamics of board in Indian public sector banks. This study has been carried out in eight public sector banks of India. The major dimensions on the study focused on: a. the Bank’s Philosophy on Code of Governance b. Board of Directors/ Board Issues c. Board Structure, Strength and Size d. Distribution of the Board e. Women Participation in the Board f. Board Meetings g. Committees of the Board. By analyzing the structural dynamics of the sample banks’ boards individually, it was observed that the CG practices in the public sector banks are improving and following the statutory requirements. One of the reasons for overall improvement in CG practice after 2012-13 has been the promulgation of the Companies Act, 2013 which had made certain parameters of the present CG practices as mandatory.


Keywords

Board, Board Committees, Board Meetings, Women In Board, Board Leadership.
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  • Annual Reports of the selected (8 sample) banks.

  • Bedi, Monica, (2010), An integrated framework for service quality, customer satisfaction and behavioral responses in Indian banking industry: A comparison of public and private sector banks, Journal of Services Research. Apr-Sep2010, Vol. 10 Issue 1, p157-172

  • Catherine Ridings & Molly Wasko (2010), Online discussion group sustainability: Investigating the interplay between structural dynamics and social dynamics over time, Volume 11, Journal of AIS, Special Issue, pp. 95-121, February 2010

  • Edward J. Zajac and James D. Westphal (1996), Director Reputation, CEO/ board power, and the dynamics of board interlocks, Academy of Management Proceedings Vol. 1996, No. 1, Published Online:13 Dec 2017 https://doi.org/10.5465/ambpp.1996.4980568

  • Kamel Mellahi (2005), The Dynamics of Boards of Directors in Failing Organizations, Long Range Planning, Volume 38, Issue 3, June 2005, Pages 261-279

  • Neeraj Dwivedi & Arun Kumar Jain, (2005), Corporate Governance and Performance of Indian Firms: The Effect of Board Size and Ownership, Employee Responsibilities and Rights Journal, September 2005, Volume 17, Issue 3, pp 161–172

  • www.sebi.gov.in

  • www.rbi.org.in


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  • Structural Dynamics of Boards in Indian Public Sector Banks

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Authors

Nayantara Padhi
School of Management Studies, Indira Gandhi National Open University, New Delhi, India
Kamal Vagrecha
School of Management Studies, Indira Gandhi National Open University, New Delhi, India

Abstract


In the light of the Companies act, 2013 , RBI and SEBI norms with respect to corporate governance in banks , a need was felt to analyse the structural dynamics of board in Indian public sector banks. This study has been carried out in eight public sector banks of India. The major dimensions on the study focused on: a. the Bank’s Philosophy on Code of Governance b. Board of Directors/ Board Issues c. Board Structure, Strength and Size d. Distribution of the Board e. Women Participation in the Board f. Board Meetings g. Committees of the Board. By analyzing the structural dynamics of the sample banks’ boards individually, it was observed that the CG practices in the public sector banks are improving and following the statutory requirements. One of the reasons for overall improvement in CG practice after 2012-13 has been the promulgation of the Companies Act, 2013 which had made certain parameters of the present CG practices as mandatory.


Keywords


Board, Board Committees, Board Meetings, Women In Board, Board Leadership.

References





DOI: https://doi.org/10.23862/kiit-parikalpana%2F2018%2Fv14%2Fi2%2F177867