01021pab a2200145 454500008004000000100001900040245005300059260000900112300001000121362000800131520065300139650002600792650002600818773003100844180718b1998   xxu||||| |||| 00| 0 eng d  aMurthy, K.R.S.  aCorporate governance: a sociological perspective  c1998  ap.1-9  aMar  aThe central issue in corporate governance in India is sociological, argues the author. Promoter families know what should be done but continue to do what is questionable. The inability of non-executive directors to question managements and help them to be more accountable to stakeholders makes boards clubs, rubber stamps and a mere legal formality. The paper critically examines the CII code, compares and contrasts corporate governance practices in USA, Germany, Japan and India taking a sociological-evolutionary perspective and recommends education of boards to play a proper role in the emerging competitive environment in India. - Reproduced  aIndustrial management  aIndustrial management  aASCI Journal of Management