India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment

The report identifies several areas for reform: 1) sanctions and enforcement should be credible deterrents to help align business practices with the legal and regulatory framework, in particular with respect to related party transactions and inside...

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Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ARBITRAGE AUTHORIZATION BANKRUPTCY BENCHMARKS BID CAPITAL MARKETS CASH SETTLEMENT CHARTERED ACCOUNTANTS COMPANY COMPANY LAW CONFEDERATION CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GROWTH CORPORATE OFFICERS CORPORATE PERFORMANCE CORPORATE STRATEGY CORPORATION CORPORATIONS CREDIT RATING AGENCIES DEBT DISCLOSURE DIVIDENDS ECONOMIC RESEARCH EMPLOYMENT ENFORCEMENT POWERS EXPENDITURES FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL RECONSTRUCTION FIRMS FOREIGN INVESTORS FOREIGN SHAREHOLDERS GDP GUARANTEE FUNDS INSIDER DEALING INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTMENT INSTITUTIONAL INVESTORS INTRINSIC VALUE LAWYERS LEASING LEGAL FRAMEWORK LEGISLATION LISTED COMPANIES MERGERS MINORITY SHAREHOLDERS MUTUAL FUND MUTUAL FUNDS OFFERINGS ORGANIZATIONAL FORM OWNERSHIP STRUCTURE PORTFOLIO PORTFOLIO MANAGERS PREEMPTIVE RIGHTS PRESIDENCY PRIVATE SAVINGS PROFIT MAXIMIZATION PROFIT MOTIVE REGULATORY FRAMEWORK RIGHT OF APPEAL RISK MANAGEMENT SECURED CREDITORS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SHAREHOLDING STATE OWNED ENTERPRISES STATEMENT STATEMENTS TAKEOVER TAX COMPLIANCE TOTAL MARKET CAPITALIZATION TRANSPARENCY VALUATION VETO VOTING VOTING SHARES WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2004/04/6569512/report-observance-standards-codes-rosc-corporate-governance-country-assessment-india http://hdl.handle.net/10986/14465

id	okr-10986-14465
recordtype	oai_dc
spelling	okr-10986-144652021-04-23T14:03:18Z India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment World Bank ACCOUNTABILITY ARBITRAGE AUTHORIZATION BANKRUPTCY BENCHMARKS BID CAPITAL MARKETS CASH SETTLEMENT CHARTERED ACCOUNTANTS COMPANY COMPANY LAW CONFEDERATION CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GROWTH CORPORATE OFFICERS CORPORATE PERFORMANCE CORPORATE STRATEGY CORPORATION CORPORATIONS CREDIT RATING AGENCIES DEBT DISCLOSURE DIVIDENDS ECONOMIC RESEARCH EMPLOYMENT ENFORCEMENT POWERS EXPENDITURES FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL RECONSTRUCTION FIRMS FOREIGN INVESTORS FOREIGN SHAREHOLDERS GDP GUARANTEE FUNDS INSIDER DEALING INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTMENT INSTITUTIONAL INVESTORS INTRINSIC VALUE LAWYERS LEASING LEGAL FRAMEWORK LEGISLATION LISTED COMPANIES MERGERS MINORITY SHAREHOLDERS MUTUAL FUND MUTUAL FUNDS OFFERINGS ORGANIZATIONAL FORM OWNERSHIP STRUCTURE PORTFOLIO PORTFOLIO MANAGERS PREEMPTIVE RIGHTS PRESIDENCY PRIVATE SAVINGS PROFIT MAXIMIZATION PROFIT MOTIVE REGULATORY FRAMEWORK RIGHT OF APPEAL RISK MANAGEMENT SECURED CREDITORS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SHAREHOLDING STATE OWNED ENTERPRISES STATEMENT STATEMENTS TAKEOVER TAX COMPLIANCE TOTAL MARKET CAPITALIZATION TRANSPARENCY VALUATION VETO VOTING VOTING SHARES WEALTH The report identifies several areas for reform: 1) sanctions and enforcement should be credible deterrents to help align business practices with the legal and regulatory framework, in particular with respect to related party transactions and insider trading; 2) the current institutional framework places the oversight of listed companies partly with the Department of Company Affairs (DCA), partly with the Securities and Exchange Bard of India (SEBI), and partly with the stock exchanges. This fragmented structure gives rise to regulatory arbitrage and weakens enforcement; 3) Board practices need to be strengthened; 4) institutional investors acting in a fiduciary capacity should be encouraged to formulate a comprehensive corporate governance policy, including voting and Board representation. Together with the detailed policy recommendations, these measures will help implement reforms, and provide opportunities for issuers to signal good practices to investors and the market. 2013-07-23T14:44:33Z 2013-07-23T14:44:33Z 2004-04 http://documents.worldbank.org/curated/en/2004/04/6569512/report-observance-standards-codes-rosc-corporate-governance-country-assessment-india http://hdl.handle.net/10986/14465 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Corporate Governance Assessment (ROSC) Economic & Sector Work South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTABILITY ARBITRAGE AUTHORIZATION BANKRUPTCY BENCHMARKS BID CAPITAL MARKETS CASH SETTLEMENT CHARTERED ACCOUNTANTS COMPANY COMPANY LAW CONFEDERATION CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GROWTH CORPORATE OFFICERS CORPORATE PERFORMANCE CORPORATE STRATEGY CORPORATION CORPORATIONS CREDIT RATING AGENCIES DEBT DISCLOSURE DIVIDENDS ECONOMIC RESEARCH EMPLOYMENT ENFORCEMENT POWERS EXPENDITURES FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL RECONSTRUCTION FIRMS FOREIGN INVESTORS FOREIGN SHAREHOLDERS GDP GUARANTEE FUNDS INSIDER DEALING INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTMENT INSTITUTIONAL INVESTORS INTRINSIC VALUE LAWYERS LEASING LEGAL FRAMEWORK LEGISLATION LISTED COMPANIES MERGERS MINORITY SHAREHOLDERS MUTUAL FUND MUTUAL FUNDS OFFERINGS ORGANIZATIONAL FORM OWNERSHIP STRUCTURE PORTFOLIO PORTFOLIO MANAGERS PREEMPTIVE RIGHTS PRESIDENCY PRIVATE SAVINGS PROFIT MAXIMIZATION PROFIT MOTIVE REGULATORY FRAMEWORK RIGHT OF APPEAL RISK MANAGEMENT SECURED CREDITORS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SHAREHOLDING STATE OWNED ENTERPRISES STATEMENT STATEMENTS TAKEOVER TAX COMPLIANCE TOTAL MARKET CAPITALIZATION TRANSPARENCY VALUATION VETO VOTING VOTING SHARES WEALTH
spellingShingle	ACCOUNTABILITY ARBITRAGE AUTHORIZATION BANKRUPTCY BENCHMARKS BID CAPITAL MARKETS CASH SETTLEMENT CHARTERED ACCOUNTANTS COMPANY COMPANY LAW CONFEDERATION CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GROWTH CORPORATE OFFICERS CORPORATE PERFORMANCE CORPORATE STRATEGY CORPORATION CORPORATIONS CREDIT RATING AGENCIES DEBT DISCLOSURE DIVIDENDS ECONOMIC RESEARCH EMPLOYMENT ENFORCEMENT POWERS EXPENDITURES FINANCIAL CONTROL FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL RECONSTRUCTION FIRMS FOREIGN INVESTORS FOREIGN SHAREHOLDERS GDP GUARANTEE FUNDS INSIDER DEALING INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTMENT INSTITUTIONAL INVESTORS INTRINSIC VALUE LAWYERS LEASING LEGAL FRAMEWORK LEGISLATION LISTED COMPANIES MERGERS MINORITY SHAREHOLDERS MUTUAL FUND MUTUAL FUNDS OFFERINGS ORGANIZATIONAL FORM OWNERSHIP STRUCTURE PORTFOLIO PORTFOLIO MANAGERS PREEMPTIVE RIGHTS PRESIDENCY PRIVATE SAVINGS PROFIT MAXIMIZATION PROFIT MOTIVE REGULATORY FRAMEWORK RIGHT OF APPEAL RISK MANAGEMENT SECURED CREDITORS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SHAREHOLDING STATE OWNED ENTERPRISES STATEMENT STATEMENTS TAKEOVER TAX COMPLIANCE TOTAL MARKET CAPITALIZATION TRANSPARENCY VALUATION VETO VOTING VOTING SHARES WEALTH World Bank India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
geographic_facet	South Asia India
description	The report identifies several areas for reform: 1) sanctions and enforcement should be credible deterrents to help align business practices with the legal and regulatory framework, in particular with respect to related party transactions and insider trading; 2) the current institutional framework places the oversight of listed companies partly with the Department of Company Affairs (DCA), partly with the Securities and Exchange Bard of India (SEBI), and partly with the stock exchanges. This fragmented structure gives rise to regulatory arbitrage and weakens enforcement; 3) Board practices need to be strengthened; 4) institutional investors acting in a fiduciary capacity should be encouraged to formulate a comprehensive corporate governance policy, including voting and Board representation. Together with the detailed policy recommendations, these measures will help implement reforms, and provide opportunities for issuers to signal good practices to investors and the market.
format	Economic & Sector Work :: Corporate Governance Assessment (ROSC)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_short	India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_full	India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_fullStr	India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_full_unstemmed	India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment
title_sort	india - report on the observance of standards and codes (rosc) : corporate governance country assessment
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/04/6569512/report-observance-standards-codes-rosc-corporate-governance-country-assessment-india http://hdl.handle.net/10986/14465
_version_	1764429153186086912

India - Report on the Observance of Standards and Codes (ROSC) : Corporate Governance Country Assessment

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