Title: An interpretive structural model of corporate governance

Authors: Dimple Grover, Ravi Shankar, Amulya Khurana

Addresses: EB-134, Maya, Enclave, New Delhi, India. ' Department of Management Studies, Indian Institute of Technology, New Delhi, India. ' Department of Humanities and Social Sciences (HUSS), Indian Institute of Technology, New Delhi, India

Abstract: Corporate Governance (CG) issues have driven organisations to set their house right. There is a continual effort by organisations to build on a good framework of policies, not only as an undertaking enforced by a regulatory body, but also to sustain and win. However, these organisations are facing a dilemma in terms of their focus priority. Is it the composition of the board or is it the employee as the stakeholder that has high determining power to reach their goals. The aim of this article is to build upon a structure of enablers of good governance. The paper utilises the Interpretive Structural Modelling (ISM) methodology to understand the mutual influence among the various enablers in such a fashion that the enablers having high driving power and dependency power can be identified.

Keywords: policy framework; regulatory bodies; interpretive structural modelling; ISM; corporate governance; business governance.

DOI: 10.1504/IJBGE.2007.015211

International Journal of Business Governance and Ethics, 2007 Vol.3 No.4, pp.446 - 460

Published online: 26 Sep 2007 *

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