Question

Factors responsible for corporate misgovernance

Answer 1

For too long,indian corporates have insulated themselves from wholesome developments evolving elsewhere .
A closed economy ,a sheltered market ,limited need and access to global trade,lack of competitive spirit and a regularity framework that enjoined mere observance of rules rather than realization of broader corporate objectives marked the contours of corporate management for well over 40 years , ever since we adopted a socialistic pattern of society.