Corruption and Corporate Governance in india (English) (Paperback)

The book is about corporate governance in India in the context of recent mega-corporate frauds and corruption. It strives to discover appropriate governance rules to ensure the sustainability and effectiveness of the institution of corporate bodies, private and public, in India in the context of two mega corruption scandals of 2009, namely, Satyam and Specturam.The author argues that corruption mis-allocates scarce resources from the meritorious to the unworthy, the immoral, the criminal and the powerful. Thus, the author points out, such transactions result in undermining people's trust in the political system and hence causes a decline in the legitimacy of public office.

About The Author

Dr. Subramanian Swamy

Dr. Subramanian Swamy earned his Ph.D. in Economics from Harvard University in 1965. He conducted his doctoral research under the guidance of Nobel laureate Simon Kuznets. Additionally, he collaborated with Nobel laureate Paul A. Samuelson from MIT on published research concerning the theory of index numbers in 1974 and 1984. Dr. Swamy taught Economics as Assistant (1964-65) and later as Associate Professor (1965-69) at Harvard. He continued to teach at Harvard till 2012 as a visiting professor in the summer terms. He has authored over 50 research papers on index number theory, economy of China, and also authored several books on Economics, on China, and contemporary Indian issues. Dr. Swamy’s contribution during struggle against the State of Emergency and its dictatorship brought him into immense political limelight. He has been a Member of Parliament six times, and has also served as India’s Senior Cabinet Minister for Commerce, Trade, and Law & Justice in the 1990s. Currently, he is a senior leader with the Bharatiya Janata Party.