Chanda Kochhar at ICICI bank: lessons in governance

Bala Bhaskaran

Informasi Umum

Kode

24.10.465

Klasifikasi

332.1 - Banks, Bank failures, Money and banking, Financial institutions and their functions

Jenis

Case Studies

Subjek

Bank

No. Rak

Dilihat

168 kali

Informasi Lainnya

Abstraksi

In the context of the Industrial Credit and Investment Corporation of India (ICICI)-bank, the systemic inadequacies seemed to have failed in preventing the incidences of COI. The organization was too centralized to be able to respond proactively to the allegations. The case lays bare the inadequacy of professionalism among the media in responding promptly to such instances. The case generalizes that, with increasing globalization, such incidences have global ramifications and the organizations face much greater risks than ever. The case concludes that to emerge as a mature and leading organization in the global market, ICICI-bank needed to strengthen various aspects of corporate governance; similarly to emerge as a developed economy, India needed to develop independent watchdogs to monitor the activities of corporations continuously. Media needed to be independent and mature to fulfil its duty of continuous and transparent communication to the public.