Corporate Governance In India – An Overview

Abstract

This paper attempts to highlight the Corporate Governance in India- An Overview. Corporate Governance is essentially all about how corporations are directed, managed, controlled and held accountable to their shareholders. In India, the concept of corporate governance has come up mainly in the wake of economic liberalization and de-regularization of industry and business.. The objective of any corporate governance system is to simultaneously improve corporate performance and accountability as a means of attracting financial and human resources on the best possible terms and of preventing corporate failure. Corporate Governance is about promoting corporate fairness, transparency and accountability. It is a multi-level and multi tired process that is distilled from an organization’s culture, its policies, values and ethics especially of the people running the business and the way it deals with various stakeholders. Thus Corporate Governance is a set of laws, rules, regulations, systems, principles, process by which a company is governed.