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Lessons in corporate governance from Kautilya's Arthashastra

Balakrishnan, Muniapan and Shaikh, Junaid M. (2007) Lessons in corporate governance from Kautilya's Arthashastra. World Review of Entrepreneurship, Management and Sustainable Development, 3 (1). pp. 50-61.

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Official URL: http://dx.doi10.1504/WREMSD.2007.012130

Abstract

This paper explores the lessons in corporate governance from Kautilya's Arthashastra, highlighting the contribution made by Kautilya in ancient India (4th Century BC). The lessons from Kautilya's Arthashastra are relevant even today and can be integrated into the modern context of corporate management towards achieving the ultimate aim of corporate governance, which is to provide value to shareholders and stakeholders. Chinmayananda (2003) states that from time to time there is a need to look and re-look at some of the ancient works and provide an intelligent interpretation and re-interpretation to apply effectively in the context of modern corporate management. The prospects of analysis of Kautilya's Arthashastra in other areas of corporate management such as strategic management, financial management and human resource management can be considered for future research.

Item Type:Article
Uncontrolled Keywords:corporate governance, Kautilya, Arthashastra, ancient India
Subjects:H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:Business and Advances Technology (Formerly known)
ID Code:17121
Deposited By: Ramli Haron
Deposited On:25 Nov 2011 09:08
Last Modified:25 Nov 2011 09:08

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