Corporate Board Structure: A Key to Effectiveness of Corporate Governance in the Light of Sebi’s Lodr (a Case Study of Automobile Sector Companies Included in BSE Sensex)

Authors

  • Meenu Maheshwari Assistant Professor, Department of Commerce and Management University of Kota, Kota

DOI:

https://doi.org/10.33516/maj.v54i3.79-84p

Abstract

Board of Directors is the supreme body of any corporate house who plays a vital role in creating better environment for good Corporate Governance. The policy framing and process of decision making of a company depends on the size and structure of the board. The main aim of this paper is to focus light on the board structure, its strength and size of the automobile sector 5 companies included in BSE Sensex as per the requirements of LODR, 2015. The study shows that all companies comply the minimum requirement of NED as well as IDs in all the three years. All selected companies have one women director as per SEBI’s requirements. Bajaj Auto, Hero Moto Corp and Mahindra & Mahindra have ED as chairman. It is suggested that for more transparency above three mentioned companies should have non-executive chairman.

Downloads

Download data is not yet available.

Downloads

Published

2019-03-01

How to Cite

Maheshwari, M. (2019). Corporate Board Structure: A Key to Effectiveness of Corporate Governance in the Light of Sebi’s Lodr (a Case Study of Automobile Sector Companies Included in BSE Sensex). The Management Accountant Journal, 54(3), 79–84. https://doi.org/10.33516/maj.v54i3.79-84p

Issue

Volume 54, Issue 3 March 2019

Section

Case Study
Crossref
Scopus
Google Scholar
Europe PMC

References

Bajaj Auto Ltd. Annual Report for 2014-15,2015-16 and 201617. Retrieved from-https://www.

bajajauto.com/investors/annualreports

Fernando, A.C. (2012). Corporate Governance. Pearson IndiaEducational Services Pvt.Ltd..

Hero Motocorp Ltd. Annual Report for 2014-15,2015-16 and 201617. Retrieved from- https://www.

heromotocorp.com/en-in/investors/ annual-reports-archives.

Khanka, S.S. Business Ethics and Corporate Governance. S. Chand Publishing, New Delhi.

Maheshwari, M. (2018).Corporate Governance Disclosure Practices in Pharma and FMCG Sector Companies. The Management Accountant (October 2018).

Mahindra & Mahindra Ltd Annual Report for 2014-15,2015-16 and 2016-17. Retrieved from- www.

mahindra.com/investors/reports-andpresentations

Marutii Suzuki Ltd. Annual Report for 2014-15,2015-16 and 2016-17. Retrieved from- https:// www.marutisuzuki.com/corporate/ investors/company-reports

Mehran, H., Morrison, A. & Shapiro, J. (2011). Corporate Governance and Banks: What Have We Learned from the Financial Crisis?Federal Reserve Bank of New York Staff Reports, no. 502

Narayana Murthy Committee on Corporate Governance (2003).Retrieved from-http://www.

s e b i . g ov. i n / c m s / s e b i _ d a t a / attachdocs/1357290354602.pdf

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Gazette of India, Extraordinary 2nd September, 2015.

Tata Motors Ltd. Annual Report for 2014-15,2015-16 and 201617. Retrieved from- https://www.

tatamotors.com/investors/annualreports

Tellidou, T., Grose, C., Polychronidou, P. &Kargidis, T. (2016). Corporate Governance for A.S.E. Listed Firms, Scientific Annals of Economics and Business, 63(1), 97-107.

Vo, D. &Phan, T. (2013). Corporate Governance and Firm Performance: Empirical Evidence from Vietnam, Retrieved from https://www.researchgate.net/ publication/301224738_Corporate_ G o v e r n a n c e _ a n d _ F i r m ’ s _ Performance_Empirical_Evidence_ from_Vietnam.