Srusti Management Review

A Journal of Management & IT

ISSN NO: 0974-4274(PRINT), ISSN NO: 2582-1148(ONLINE)Listed in Ulrich's Periodicals Directory, INDEXED IN J-GATE E-JOURNAL GATEWAY, EBSCOHOST, PROQUEST, U.S.A. & GOOGLE SCHOLAR A Peer Reviewed and Refereed Journal

Developing a Model for Evaluating Corporate Governance Practices: An Empirical Study of Indian Petroleum Industry

Year 2012
Volume/Issue/Review Month Vol. - V | Spl. Issue I | Jan
Title Developing a Model for Evaluating Corporate Governance Practices: An Empirical Study of Indian Petroleum Industry
Authors Prof. (Dr.) S. C. Bardia , Prof.(Dr.) G. K. Sharma
Broad area Developing a Model for Evaluating Corporate Governance Practices: An Empirical Study of Indian Petroleum Industry
Abstract
Executive Summary: Corporate governance extends beyond corporate law. Its
fundamental objective is not mere fulfillment of the requirements of law but in
ensuring commitment of the board of directors in managing the company in a
transparent manner for maximizing stakeholders value. The real onus of
achieving desired levels of corporate governance lies with corporate themselves
and not in external measures. This research paper gives a frame work for
evaluating corporate governance practices pursued by corporates. The paper
also examines the CG practices adopted by Indian Petroleum Industry with
special focus on two leading Indian Petroleum companies for the years 2004-
05 to 2008-09.
Description Corporate governance deals with laws, procedures, practices and implicit rules that determine a company’s ability to take informed managerial decisions visà- vis its claimants – in particular, its shareholders, creditors, customers, the State and emp
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