Strategic change management: corporate governance failures in India and USA - a tale of two countries
Bibliographic record
Abstract
During the last two decades, a series of high-profile enterprise failures at companies like Enron, WorldCom, Tyco in the USA, and Satyam computers of India, have all brought the discussion on corporate governance to the centre stage. The shareholders of Enron and WorldCom in the USA, between them, lost US$ 245 billion due to the monumental frauds committed by their managements. Shareholders of Satyam computers lost crores of rupees in India. Whereas developed countries like the USA have taken effective steps to improve the corporate governance standards and prevent such failures in future, the same thing may not be true for developing countries like India. This paper is a comparative, case based study and analysis of the effectiveness of corporate governance practices in the USA and India. This paper identifies weaknesses of Indian corporate governance practices and recommends strategic change measures necessary for harmonising the Indian corporate governance practices with those of the USA.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.002 | 0.006 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.002 | 0.005 |
| Science and technology studies | 0.004 | 0.005 |
| Scholarly communication | 0.004 | 0.002 |
| Open science | 0.001 | 0.003 |
| Research integrity | 0.001 | 0.002 |
| Insufficient payload (model declined to judge) | 0.001 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".