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Rationality, traditionalism and the state of corporate governance mechanisms: illustrations from a less developed country

Uddin, S and Choudhury, J (2008) Rationality, traditionalism and the state of corporate governance mechanisms: illustrations from a less developed country. UNSPECIFIED. EBS Working Papers, University of Essex, Colchester.

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Abstract

Purpose ? The purpose of this research is to provide an account of corporate governance practices in Bangladesh. This paper demonstrates that the traditionalist culture mediates the rationalist/legalist framework of corporate governance in Bangladesh. Design/methodology/approach ? A series of semi-structured interviews were conducted. Observations and the personal working experience of one of the researchers, along with documentation, provided rich sources of information for the paper. Findings ? The findings show that families have a dominant presence in all aspects of corporate governance. Boards of directors in companies play a significant part in serving the interests of families rather than those of general shareholders. Research limitations/implications ? This study focuses on corporate governance practices in a traditional setting and shows how traditional culture and values are in conflict with the rational ideas imported from a different setting. It suggests that the World Bank?s expectations that Anglo-American models of corporate governance will be effective in Bangladesh and possibly other LDCs are unfounded. Originality/value ? The paper adds to the literature on corporate governance, especially in the context of LDCs. It will be of great value to researchers and practitioners seeking to gain a better understanding of corporate governance frameworks in various settings.

Item Type: Monograph (UNSPECIFIED)
Uncontrolled Keywords: corporate governance, accountability, structural adjustment polices, traditionalism, Bangladesh
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Depositing User: Users 161 not found.
Date Deposited: 03 Jan 2014 15:19
Last Modified: 30 Sep 2017 19:15
URI: http://repository.essex.ac.uk/id/eprint/8082

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