IMPETUS FOR THE GROWTH OF CORPORATE GOVERNANCE IN INDIA
Although corporate governance has been slow in making its mark in India, the next few years will see a flurry of activity. This will be driven by several factors:
- Competition-driven: Most important is the force of competition. With the dismantling of licences and controls, reduction of import tariffs and quotas, virtual elimination of public sector reservations, and a much more liberalized regime for foreign direct and portfolio investments, Indian companies have faced more competition in the second half of the 1990s than they did since Independence. Competition has forced companies to drastically restructure their ways of doing business.
- New players ‘professionalism: Many companies and ...
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