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Understanding the corporate governance quadrilateral

Malla Praveen Bhasa (Doctoral student at the Shailesh J. Mehta School of Management, Indian Institute of Technology, Bombay, India, researching in the area of corporate governance. He can be reached at

Corporate Governance

ISSN: 1472-0701

Article publication date: 1 December 2004



This paper wades through the extant corporate governance literature and identifies the existence of four different governance models in practice. Though market‐centric and relationship‐based models have been widely discussed in corporate governance literature, a dearth of two other governance models viz., transition and emerging governance models have not been extensively covered. This paper tries to identify the existence of the transition governance model and also a new governance model that is emerging in some developing countries. An attempt has been made to narrate the way all the four governance models function in different economies, and assumes that understanding the governance quadrilateral would be a pre‐requisite for understanding global corporate governance.



Praveen Bhasa, M. (2004), "Understanding the corporate governance quadrilateral", Corporate Governance, Vol. 4 No. 4, pp. 7-15.



Emerald Group Publishing Limited

Copyright © 2004, Emerald Group Publishing Limited

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