South Asian Journal of Management

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Corporate Governance in a Family-Owned Corporate Organization in India:A Case Study of TVS Motor Company Ltd


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1 Department of Management Studies, Sri Sathya Sai Institute of Higher Learning (Deemed to be University), Prashanti Nilayam 515134, Anantapur District, Andhra Pradesh, India
     

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Good governance has been an eternal source of inspired thinking and dedicated action. It is a misnomer to think that the philosophy of corporate governance has come into existence post the scams that plagued the corporate world in recent times. In fact many family-owned corporate organizations have in place such practices for many decades. In recent times, corporate governance mainly deals with two important stakeholders—shareholders and government. The shareholders provide funds for the actual functioning, expansion and diversification of the organization through the purchase of its shares, debentures or securities and in exchange for this investment, they expect some tangible and monetary return either in the form of dividends or interest or sometimes if the company is really successful, through the issue of bonus shares. The government regulates the working of corporate organizations through formulation of regulations which organizations need to follow both in letter and spirit. In this paper, the author has attempted to study the shareholder and governmentrelated practices of TVS Motor Company Ltd.—a leading company in the two wheeler automobile industry and a part of the century old TVS Group. The case study is based on triangulation of data based on personal interviews with top executives of the company, responses to an executive perception survey and supplementary information available in the public domain.
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  • Corporate Governance in a Family-Owned Corporate Organization in India:A Case Study of TVS Motor Company Ltd

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Authors

Shashank Shah
Department of Management Studies, Sri Sathya Sai Institute of Higher Learning (Deemed to be University), Prashanti Nilayam 515134, Anantapur District, Andhra Pradesh, India

Abstract


Good governance has been an eternal source of inspired thinking and dedicated action. It is a misnomer to think that the philosophy of corporate governance has come into existence post the scams that plagued the corporate world in recent times. In fact many family-owned corporate organizations have in place such practices for many decades. In recent times, corporate governance mainly deals with two important stakeholders—shareholders and government. The shareholders provide funds for the actual functioning, expansion and diversification of the organization through the purchase of its shares, debentures or securities and in exchange for this investment, they expect some tangible and monetary return either in the form of dividends or interest or sometimes if the company is really successful, through the issue of bonus shares. The government regulates the working of corporate organizations through formulation of regulations which organizations need to follow both in letter and spirit. In this paper, the author has attempted to study the shareholder and governmentrelated practices of TVS Motor Company Ltd.—a leading company in the two wheeler automobile industry and a part of the century old TVS Group. The case study is based on triangulation of data based on personal interviews with top executives of the company, responses to an executive perception survey and supplementary information available in the public domain.