A study of board dynamics-Evaluation models for Board of directors - An academic perspective
Author(s): Dr. Shanti Suresh
Publication #: 2509010
Date of Publication: 09.07.2016
Country: India
Pages: 1-8
Published In: Volume 2 Issue 4 July-2016
Abstract
Ever since the era of reforms, corporate governance regulations and practices have gathered momentum. The reformed clause 49 and the company law bill 2008 consistently focus on the board of directors as an integral internal mechanism to monitor corporations. Businesses have realised that the long term sustainability can only be achieved by evolving good governance practices in all the facets of operation.
The board of directors are considered to be the fulcrum of corporate governance. The governance of any corporation depends on the intent and inclination of the boards. This paper makes an inquiry into the practices of board evaluation prevalent across nations, and corporations. It is not just the intent and inclination that brings effective monitoring of the managers, but the openness of the board to be evaluated and scrutinised by the stakeholders pave the path for improvement, and amendment in practices that facilitate the organisations to be steered towards its mission and objectives.
The study is undertaken to orient researchers and practitioners in India on various board evaluation techniques and models prevalent across nations that can be emulated to enhance productivity and performance of the board of directors leading to good governance.
Keywords: board of directors, evaluation techniques, legal framework.
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