Indian Journal of Industrial Relations: Economics & Social Dev.

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Corporate Governance Structure:Issues & Challenges – Cases of Tata Sons & Infosys


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1 Manav Rachna International University, Faridabad, India
     

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Companies incorporated under Companies Act are characterized by separation of ownership and management. Besides shareholders, stakeholders include banks/financial institutions, Board of Directors (BoD), employees, suppliers, customers and regulatory authorities. The company's operations are in its interest and are to mitigate conflict of interest of the stakeholders. This entails corporate governance, with the essential characteristics of transparency and accountability. Besides the meaning and significance of corporate governance, this paper discusses the legal aspects and practice relating to the system of BoD's functioning and the key tools of corporate governance. It also analyses the recent conflicting corporate governance experiences of two leading giant corporations in India viz. Tata Group and Infosys.
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  • Corporate Governance Structure:Issues & Challenges – Cases of Tata Sons & Infosys

Abstract Views: 336  |  PDF Views: 1

Authors

Nand L. Dhameja
Manav Rachna International University, Faridabad, India
Vijay Agarwal
Manav Rachna International University, Faridabad, India

Abstract


Companies incorporated under Companies Act are characterized by separation of ownership and management. Besides shareholders, stakeholders include banks/financial institutions, Board of Directors (BoD), employees, suppliers, customers and regulatory authorities. The company's operations are in its interest and are to mitigate conflict of interest of the stakeholders. This entails corporate governance, with the essential characteristics of transparency and accountability. Besides the meaning and significance of corporate governance, this paper discusses the legal aspects and practice relating to the system of BoD's functioning and the key tools of corporate governance. It also analyses the recent conflicting corporate governance experiences of two leading giant corporations in India viz. Tata Group and Infosys.

References