Corporate Governance, Responsibility and Sustainability Initiatives in Emerging Economies

by Banik, Arindam; Das Gupta, Ananda; Bhaumik, Pradip K.

• ISBN13: 9781137361844
• ISBN10: 1137361840
• Format: Hardcover
• Copyright: 2015-09-09
• Publisher: Palgrave Macmillan

Summary

Corporate Governance, Responsibility and Sustainability investigates various dimensions of corporate governance issues in key emerging economies such as China, India, Brazil, South Africa and Russia. The book explores a number of issues in the areas of corporate governance framework, market discipline, the role played by the formal legal and regulatory framework, building an efficient and competitive capital market, the various reforms suggested by various bodies in recent times to strengthen corporate governance norms and processes, as well as the changes in laws, rules and regulations, particularly in the post-economic liberalization period. Interestingly, one of the major areas of weakness is board of directors. Many firms have boards too small to be effective. Many have no independent directors at all, or a lone token one. Thus, the authors discuss the emerging understanding amongst boards about the integration of strategy, risk, sustainability and performance in corporate governance codes. Issues such as corporate social responsibility and sustainability are also examined.

Author Biography

Arindam Banik is Professor of International Finance and Business at the International Management Institute, India. His research interests include financial sector and economic growth, international finance and foreign borrowing, trade, investment and competitiveness, measurement of poverty and policy implications, impact and assessment study of public expenditure, technology transfer and multinationals, Joint Ventures and nature and impact of global finance. He has published over 100 papers in leading refereed journals. He was with the Department of Economics at the University of West Indies as Visiting Professor during 2001-2005. Currently, he is editor of the Global Business Review and Director of the International Management Institute, Kolkata.

Ananda Das Gupta is Professor and Head of the Human Resource Department at the Indian Institute of Plantation Management, India. He has been engaged in teaching and research for more than 18 years in different universities and institutes across India. His areas of interest are Corporate Social Responsibility, Business Ethics, Organizational Development and Strategic Human Resources Management. He is a Life Fellow of Indian Academy of Social Sciences and a Member of the Indian Society of Labour Economics. Presently he is member of the Editorial Board for the Encyclopaedia of Corporate Social Responsibility.

Pradip K. Bhaumik completed his degree in Mechanical Engineering from the IIT Delhi and his doctoral programme from the IIM, Ahmedabad, India. A trained industrial engineer from the National Productivity Council, New Delhi, he started his career as a consultant-cum-trainer with the Council and has been teaching at the International Management Institute, New Delhi for over twenty years.

Table of Contents

1. Introduction
2. Corporate Governance and Corporate Social Responsibilities (CSR) in China; Hou Shuiping, Xie Chunling and Arindam Banik
3. Corporate Governance in India; Pradip K. Bhaumik
4. Corporate Governance in Brazil; Antonio Glenson de Carvalho, Humberto Gallucci Netto and Joelson de Oliveira Sampaio
5. Corporate Governance in South Africa; Tirthankar Nag
6. Corporate Governance on Russia; Nandita Mishra
7. Corporate Governance and Corporate Social Responsibility and Indian Context; Ananda Das Gupta
8. Social impact Management and Sustainability; Ananda Das Gupta
9. Summary and Conclusions