Corporate Governance by Malla Praveen B

Corporate Governance by Malla Praveen B

Author:Malla, Praveen B.
Language: eng
Format: epub
ISBN: 9781317810100
Publisher: Taylor and Francis


SUMMARY

In this chapter, we have touched upon two corporate governance models that are still in their nascence. Transition economies are still grappling with market-based realities and despite their supposed transition to market-based mechanisms, State's control of the corporations, directly or indirectly, is still seen. Growth economies, on the other hand, are trying to make the most of the best practices of the marketoriented and relationship-based models. While the business groups predominantly controlled by families bring in the relationship orientation, vibrant capital markets and ready availability of quality managerial labor characterize the market orientation of the growth model.



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