We examine the relationship between firm performance and diversity among corporate directors, proxied by diversity along religion and caste, a deep-rooted institution that divides India's Hindu society into hundreds of communities. To identify directors' caste, we build the first data-driven...

Gender diversity on corporate boards can be approached from two perspectives: first, women on boards are good for business since that contributes to better decision making and hence better governance and performance; second, as a social equity issue, women constituting about half the human...

This paper examines the largely emasculated role of corporate boards of directors in effectively discharging their fiduciary obligations of promoting and protecting the interests of absentee shareholders. Although legislation and regulation in India, through the Companies Act and Listing...

Independent directors have been mandated on company boards around the world, without due allowance for local variations in different countries. Designed primarily for dispersed corporate ownership regimes like the US, its efficacy is impaired in jurisdictions where such ownership is concentrated...

A vast majority of listed companies in India is “Controlled” by dominant shareholders acting also as the executive, directly or indirectly. Most of the legislative and regulatory requirements, however, are based on “best practices” evolved in countries like the United States where...