Corporate governance seen in a broader perspective beyond the letter of the law and incorporating the spirit as well would be more beneficial to corporate organizations in their own long-term interest. Family-owned organizations have always paved the way for exemplary practices in many fields of corporate life. Examples of family-owned organizations such as the Tata Group and the Godrej group are well known for their philanthropic, societal and employee-related best practices.
This case highlights the convictions and the philosophy of the senior management of the company towards corporate governance and the shareholder and government stakeholders. Good corporate governance is an outcome of the organizational culture and the collective commitment of the employees of the organization to practice the law of the land in its true spirit. Corporate governance cannot be relegated to the level of a legal requirement to be satisfied in order to be reported in the annual report alone. It is a continuous process towards which the entire organization needs to be committed daily.
The business world is very dynamic and competitive in nature. The changes can be noticed in any of the domains of the business-like technology, services, business legislation, demography of the working population, etc. and these all imply that in order to achieve the effective organizational outcome, change must be incorporated in the employees of the organization. Leadership proves to be of immense help as defines it as all about coping with change. Numerous researches have been conducted and published which explore the link between leadership and gender. Still, there is a paucity of such research in the Indian context. The present study empirically examines the relation of leadership and its sub-variables namely administrative skills, interpersonal skills, and conceptual skills with gender in the Indian service sector. The demand for effective leaders is growing at an accelerated pace with businesses and technology becoming increasingly advanced and competitive. As the clamor for the role of women in all spheres of life increases, we see political willingness to include women in various decision and key positions in the organizations. We have seen the defense portfolio in India being awarded to a lady after a very long period. Similarly, in Parliament and even the corporate world, including the media, IT industry etc. Women leadership has become the norm, yet a lot must be done for equal representation, though equal opportunity exists in many fields as for men and for women.
Right from the Industrial Revolution to the technological interventions and IT interfaces incorporates, we have seen many or multiple disruptions in the working of the companies/ corporate. Productivity in factories and efficiencies in the administration areas improved with the use of engineering technology and Information technology products and processes. Continuous improvement in the products and processes and its deployment in the industry means a lot of resources are to be committed to ensuring companies remain competitive. For example, a company which adopted some technological changes in year one compared to another who did not adopt for say five years. At the end of the fifth year both companies if need to change technology, one will find it easier to adopt compared to others. Rather than not losing out most companies have spent time, cost, resource to keep upgraded, updated and be ahead of the competition. There is a reasonable amount of technology maturation that has happened in the industry today. Companies for some reason during my research has shown not too much willingness in investing in technology though they agree that the advantages of going high tech is high always
