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Sustainability enhancement of corporate governance regime in India

Ruchi Kansil (Delhi School of Management, Delhi Technological University, Delhi, India)
Archana Singh (Delhi School of Management, Delhi Technological University, Delhi, India)

World Journal of Science, Technology and Sustainable Development

ISSN: 2042-5945

Article publication date: 3 April 2018

284

Abstract

Purpose

There is lack of research on key governance issues (KGIs) to expedite the sustainability of corporate governance reforms in the Indian context. The purpose of this paper is to formulate a list of KGIs that would help in sustainability enhancement of corporate governance regime in India vis-à-vis other global counterparts.

Design/methodology/approach

First, governance issues have been identified after a thorough literature review and after taking opinion and suggestions of experts. Second, data have been collected through the questionnaire survey. Lastly, a model based on fuzzy set theory has been designed to identify the KGIs for the sustainability enhancement of corporate governance regime in the Indian context.

Findings

Five KGIs have been identified in this study based on fuzzy set theory, namely, ownership structure of the companies, code of best practices of corporate governance, regulatory framework including monitoring institutions of the country, untrue independence of independent directors in decision-making and judiciary system of the country.

Research limitations/implications

The KGIs identified for the Indian economy in this study can be a useful reference for the regulators and policymakers to fill the present quality gap and devise measures to curb noncompliance and or implementation of laws on the ground level.

Practical implications

The KGIs identified for the Indian economy in this study can be a useful reference for the regulators and policymakers to fill the present quality gap and devise measures to curb noncompliance and/or implementation of laws on the ground level.

Originality/value

The novelty of this study stems from the fact that very few studies have assessed the perception of stakeholder’s about the current corporate regime in India. No study has identified KGIs.

Keywords

Citation

Kansil, R. and Singh, A. (2018), "Sustainability enhancement of corporate governance regime in India", World Journal of Science, Technology and Sustainable Development, Vol. 15 No. 2, pp. 186-199. https://doi.org/10.1108/WJSTSD-08-2017-0026

Publisher

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Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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