Suchergebnisse

Governance of public corporations in the United States has operated under the agency model with regulatory strengthening since the passage of Sarbanes‐Oxley legislation. With this foundation in place, boards are empowered to utilise their power and influence and can effectively monitor the actions of management, intervening where necessary. In effect, the rules of engagement embodied in the structure and the law guide interactions and empowerment. The governance model of the mutual funds industry, representing over 8 trillion dollars, is often viewed as a mirror of the corporate world, but upon closer analysis is found to have significant structural differences that dilute the authority of directors. The two models are compared and analysed with recommendations made to strengthen the oversight of mutual funds.

A review essay on books by (1) David Armstrong, Theo Farrell, & Bice Maiguashca (Eds), Governance and Resistance in World Politics (Cambridge, UK: Cambridge U Press, 2003); (2) Lisa D. Brush, Gender and Governance (Walnut Creek, CA: AltaMira, 2003); (3) Ann Florini, The Coming Democracy: New Rules for Running a New World (Washington: Island, 2003); & (4) Mike Moore, A World without Walls: Freedom, Development, Free Trade and Global Governance (Cambridge, UK: Cambridge U Press, 2003). 3 References.

The issues of governance which received much focus during the decade of 1990s, has further expanded with the inclusion of "e-governance"- the latter has enhanced service delivery, enlarged participation and made the democracy more inclusive. India is not an exception to e- governance initiatives which is apparent in the Declaration of year 2001 as "Year of E-Governance", earmarking two to three percent of plan budget towards e-governance etc. Crisis of governability, catching up with developed world and current trend towards globalization has made India to implement e-governance.
There is no uniformity in the application of e-governance in different states or provinces in India. Some states still are in the "preliminary stage" others in "catching up" stage. Only ten states have made serious efforts. Its success rates are not uniform- it varies between partial success to complete failure, including the fact that there are criticisms leveled against it for the reasons that it is "urban biased", "one way process" and that it would reduce the importance of bureaucracy, politicians. Despite the weakness one should appreciate the fact that it has reduced the cultural and geographical barriers, shifted the paradigm of "space" and helping in completing the project of incomplete modernity. However what is needed to strengthen e-governance is not only by clubbing Cafeteria and Phase model but also the success stories from other countries.