A Bank Investment Company to act as a holding company for state-owned banks would go a long way in minimising government interference and improving governance.
Mere patchwork may not be enough to fix all that ails the Indian primary market.
The recent failure of PSU public issues lies in the present character and structure of the primary market
Corporate governance codes work only where firms believe working in a legal, ethical and transparent fashion also means good business
While the definition of what is vulgar is relative, there is little doubt that Board-level compensation committees are given short shrift in India.
The aviation industry in India, through Air India, is a gleaming example of what the lack of corporate governance can do to a business, says Pratip Kar.
In the 1990s, Lufthansa's market share was plunging as were its revenues. Its turnaround strategy holds good lessons.
Greed lies at the heart of all governance failures too and we, who hopefully are now a little bit more aware and wiser of the consequences of greed, may differ with Gordon Gekko.
At the heart of these predictable manifestations of business cycles usually were financial instruments which became so popular that they came to be more commonly referred to by their abbreviations or acronyms than their original names.
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