Multivariate Analysis for Overcoming Complexities of Corporate Governance and Managerial Dilemma Using Data Mining Techniques

Table 1

Independent variables.

Sr.no.	Factors	Indicators	Description	Symbolic
1	Board composition (BC)	(a) board size; (b) board independence	(a) total no. of BOD sitting on board; (b) ratios of DIRs to ID and ED to NED etc	x
2.	Ownership structure (OS)	Ownership structure	Percentages of shares held by various stake holders in the company	u
3.	Board meetings and share holders’ meetings (BSM)	(a) board meetings; (b) shareholders meetings	(a) Total no. of board meetings held during the year; (b) Total no. of shareholders meetings held during the year. (including provisional meetings)
4.	Board remunerations (BR)	Board remunerations	Remuneration paid to the top 3 executives in their natural algorithm
5.	Corporate governance codes and practices (CGP)	Corporate governance codes and initiatives	Corporate governance codes and initiatives are taken by the company	z
6.	Transparency and shareholders rights (TSH)	(a) Transparency and disclosure; (b) Shareholders rights.	(a) transparency and disclosure norms followed by the company.; (b) right to shareholders	t