期刊名称：International Journal of Management and Business Studies
印刷版ISSN：2231-2463
电子版ISSN：2230-9519
出版年度：2012
卷号：2
期号：4
出版社：Cosmic Journals
摘要：The concept of corporate governance has been increasingly demanding our attention and has moved centrestage in the wake of corporate failures and widespread dissatisfaction with the way many corporates function, thus becoming a widely discussed topic across the globe recently. Corporate governance is now recognized as a paradigm for improving competitiveness and enhancing efficiency and thus improving investors’ confidence and accessing capital, both domestic as well as foreign. As a result, corporate governance has become a dynamic concept and not a static one. Banks form a crucial link in a country’s financial system because of which it is universally a regulated industry and their wellbeing is imperative for the economy. Corporate governance is however conceptually different for banks. The business model of financial intermediaries especially of banks envisages dealing in the financial resources of others and most of their liabilities constitute debt which is in the form of deposits. Banks are different from other corporates in important respects, and that makes corporate governance of banks not only different but also more critical. Banks are interconnected in diverse, complex and often opaque ways underscoring their “contagion” potential. If a corporate fails, the fallout can be restricted to the stakeholders. If a bank fails, the impact can spread rapidly through to other banks with potentially serious consequences for the entire financial system and the macro economy. It would, however, be erroneous to conclude that regulatory oversight is a substitute to corporate governance. There exists complementarity between regulation and corporate governance in banking. This paper discusses the corporate governance as an internal mechanism in banks, its necessity in the banking sector, the history of corporate governance in the world as well as India, best practices of corporate banking incorporated in India and measures taken to implement them and the recent developments in this area in the banking sector.
关键词：Banking; Corporate Governance; Internal Mechanism in Banks
