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This report analyzes four core areas of corporate governance in South Asia in light of global trends and best practices. It assesses the necessary regulatory preconditions for strong financial and economic development. The four core areas analyzed are (i) corporate governance legal frameworks, (ii) board structure and board diversity, (iii) corporate governance of state-owned enterprises, and (iv) anti-money laundering and compliance. The findings are relevant for developing countries around the world, as corporate governance impacts evolving challenges such as the coronavirus disease pandemic, climate change, and sustainable global trade.
The concept of good governance in South Asia poses a challenge at the implementation level, mainly due to ethnocentricity, regional disparities, division between poor and rich, and rural and urban division among the people. Concepts such as decentralization, citizen engagement, lean public service, privatization, autonomy, public-private partnership may work well in developed countries but may not produce the same results in the region where the majority of poor people expect their government to fulfill their basic needs. Governance in South Asia needs to be reformed to ensure that poverty can be reduced, if not completely eradicated. Poor governance and the various means by which governance has fallen short, has led to lack of development and continuance of poverty in South Asian societies. South Asian countries have more or less similar objectives, structures, value systems, cultures, and standards of governance despite different forms of government. The colonial legacy of British administrative system had its impact on centralization. Secrecy, elitism, rigidity, and social isolation is common to all South Asian countries. The post-colonial administrative system is built upon pre-colonial administrative traditions throughout the region. These countries can learn from each other’s experiences. They need to develop an indigenous model to find pragmatic solutions to the challenges of good governance. This book argues that countries in South Asian can achieve good results through good governance if they develop and adopt an indigenous model rather than simply borrowing models and ideas from the West. Please note: This title is co-published with Manohar Publishers, New Delhi. Taylor & Francis does not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.
Contributed articles.
This book offers a multidisciplinary and comprehensive approach to understand the trends and issues of development, governance, and dynamics of gender in the South Asian region. It familiarizes the reader with the quantitative as well as qualitative aspects of governance and development. Contributing authors pay close attention to the socio-political and economic developments in South Asia in their respective chapters. The book is divided into four parts. The first part analyzes the social and economic development of South Asia in the context of human development, state apparatus, and migration. The second part focuses on issues of good governance and human rights. Issues related to minorities and corporate governance are also discussed specifically. The third part deals with the role of media and literature in the development narratives of South Asia. The last part highlights the inter-linkages between gender narratives and development. It is a must-read for those interested in understanding the socio-economic fabrics, political dynamics, and trajectory of development in South Asia.
This multi-disciplinary volume provides a critical examination of corporate governance reform in Southeast Asia especially after the Asian financial crisis in 1997. The weaknesses in the corporate sector, such as poor investment structure, weak legal and accounting systems, faulty financial practices, questionable political interventions, are some of the pertinent issues raised by the authors, who include legal specialists, corporate practitioners, economists, and political scientists. Policy measures to improve corporate transparency, institutional accountability, and fiscal prudence are also proposed. The volume provides interested readers and policy-makers in Southeast Asia with the most current research and policy options on corporate governance reform, and advocates more committed and effective governance changes in the future.
Corporate governance environment refers to various country level factors affect the firm level governance practices. The main objective of this paper is to explore the corporate governance environment of two South Asian countries namely Bangladesh and Sri Lanka. Findings of the study represents that both of the countries take various initiatives to develop their corporate governance environment in the line of international standard. The current paper extends the scarce literature on corporate governance environment which, in turn, assists policy makers and corporate decision makers to understand the phenomena in a better way.
13 Role of social audit in curbing corruption in India -- Index
Provides a comparative overview of corporate governance frameworks and practices in major Asian countries.