CORPORATE GOVERNANCE IN THE PUBLIC SECTOR: DIMENSIONS; GUIDELINES AND PRACTICE IN INDIA AND NEW ZEALAND

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Abstract

Corporate governance is obviously a matter of global concern and has gained tremendous importance in recent years in the context of globalisation of economies and financial markets. The financial crisis of 2008 and the 2012 European crisis involving Greece, Italy and Spain revealed corporate governance failures in financial institutions and corporations, leading to systemic consequences (Classens and Yurtoglu, 2013). Earlier, two major scandals: Enron and WorldCom in the USA resulted in the enactment of Sarbanes Oxley Act, 2002 as a measure to ensure and restore investors’ confidence in business in particular and the interest of society at large. This lead to corporate governance reforms worldwide impacting corporate board composition, conduct, and responsibility at the legal and regulatory levels.

Keywords: Corporate Governance, New Zealand, India, Public Sector

How to cite this paper: Scrimgeour, F., & Duppati, G. (2014). Corporate governance in the public sector: Dimensions; guidelines and practice In India and New Zealand. Corporate Ownership & Control, 11(2-4), 364-377. https://doi.org/10.22495/cocv11i2c4p2