Title

Invigorate corporate board through Indian scriptures

Date of this Version

2015

Document Type

Journal Article

Publication Details

Citation only

Sahay, M., & Kumar, K. (2015). Invigorate corporate board through indian scriptures. Corporate Ownership and Control, 12(3), 73-83.

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2015 HERDC submission

Copyright © 2015, Virtus Interpress. All rights reserved.

ISSN

1727-9232

Abstract

There have been scores of corporate failure all over the world due to poor corporate governance or lapse in well manage corporation at the board level; due to this transparency, accountability, fiduciary duty, interest of shareholders, etc. are impinged on. Erosion of values, wisdom, righteousness, fairness, equanimity in judgment, etc. are appear to be possible attributes responsible for accelerating to corporate turpitude. Hence, this paper attempt to draw attention of the board members to look in to Indian scriptures and harmonize them to achieve sustainable and effective good governance and accentuate on their potential in helping to fulfill board’s responsibilities effectively. It also discusses about principles and guidelines of Indian scriptures for good governance that can be adopted in today’s time.

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This document has been peer reviewed.