期刊名称：International Journal of Innovative Research in Science, Engineering and Technology
印刷版ISSN：2347-6710
电子版ISSN：2319-8753
出版年度：2013
卷号：2
期号：1
页码：284
出版社：S&S Publications
摘要：Management cum governance is considered as a proactive controlling mechanism for protecting bestinterests of all the stakeholders of any companies. Despite a lot of initiatives had been taken around the world in theform of codes/laws for ensuring good governance for corporate sector, the issue of mutual fund governance had notbeen discussed in detail. But, in view of the growth of that industry and the magnitude of public funds the mutual fundcompanies are managing over the years, a renewed interest on its governance mechanism is the need of the hour. Here,in this paper, an attempt has been made to enquire the governance practices of Indian mutual fund industries. Afterstudying the governance structure of asset management companies (AMCs) of the sample mutual fund companies, itwas found that the structure and composition of board of directors of these AMCs were not encouraging enough with alittle and sometimes no information about the functioning of the board of these AMCs. Under this circumstance, a lotof measures for improvement of governance and disclosure standards are expected from regulatory body like SEBI.
关键词：Corporate Governance; Mutual Fund Companies; Asset Management Companies; Board of Directors.
