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Corporate Governance Role of the Board Committees in India

Corporate Governance Role of the Board Committees in India
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Author(s): Shinu Vig (TERI School of Advanced Studies, India) and Manipadma Datta (TERI School of Advanced Studies, India)
Copyright: 2020
Pages: 13
Source title: Corporate Governance Models and Applications in Developing Economies
Source Author(s)/Editor(s): Otuo Serebour Agyemang (University of Cape Coast, Ghana), Abraham Ansong (University of Cape Coast, Ghana) and Ben Kwame Agyei-Mensah (Solbridge International School of Business, South Korea)
DOI: 10.4018/978-1-5225-9607-3.ch003

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Abstract

The establishment of board sub-committees has been strongly recommended as a suitable mechanism for improving corporate governance by delegating specific tasks from the main board to a smaller group and harnessing the contribution of non-executive directors. This chapter discusses the constitution of board committees in Indian context, their composition, processes, and their role in promoting good corporate governance. India has constantly made efforts to update its corporate governance regulations in line with the international best practices. This chapter will help the readers to understand the corporate governance scenario in India with special reference to the board committees and will have implications for the regulators, policymakers, corporate governance practitioners, researchers, and academicians in the developing countries.

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