Corporate Governance



·         Emergence of: National Market; Privately Held Companies

·         Growth of: Agency Houses, Managing Agency Firms, Managing Agents

·         Managing Agents and Shareholder Values

·         Ownership Structure of Managing Agencies

·         Agency Firms & Economic Concentration

·         Companies Act, 1956

·         Structural Changes in the Indian Economic System

·         Growth of Corporate Governance in India


Suggested Readings:


Joshi, V. (2004). Indian corporate governance : a review Corporate governance : the Indian scenario (pp. 72-88). Delhi, India: Foundation Books.


Additional Readings:


Bain, W. (2003). The obligations of power Between anarchy and society : trusteeship and the obligations of power (pp. 27-52). Oxford: Oxford University Press.


Damodaran, H. (2008). The old merchant communities India's new capitalists : caste, business, and industry in a modern nation (pp. 8-47). Houndmills, Basingstoke, Hampshire: Palgrave Macmillan. 


French, P. A. (1979). The corporation as a moral person. American Philosophical Quarterly, 16(9), 207-215.


Khanna, T., & Palepu, K. G. (2005). The evolution of concentrated ownership in India: Broad patterns and a history of the Indian software industry. In R. Morck (Ed.), A history of corporate governance around the world : family business groups to professional managers (pp. 283-320). Chicago: University of Chicago Press.


Morse, J. (1999). The missing link between virtue theory and business ethics. Journal of Applied Philosophy, 16(1), 47-58.


Oman, C. (2003). India - The tide rises, slowly Corporate governance in development : the experiences of Brazil, Chile, India, and South Africa (pp. 105-159). Issy-les-Moulineaux, France; Washington, D.C.: OECD Development Center; Center for International Private Enterprise.


Pandey, S., & Kaushik, K. V. (2012). Study on the state of corporate governance in India: Evolution, issues and challenges for the future (pp. 1-31). New Delhi: Indian Institute of Corporate Affairs; Thought Arbitrage Research Institute; Indian Institute of Management Calcutta


Werhane, P. H. (1985). The concept of a corporation Persons, rights, and corporations (pp. 31-48). Englewood Cliffs, N.J.: Prentice-Hall. 


Werhane, P. H. (1985). Rights, responsibilities, and corporate accountability Persons, rights, and corporations (pp. 60-76). Englewood Cliffs, N.J.: Prentice-Hall.