Corporate Governance — Indian Perspective

Abstract

Corporate Governance is the set of policies that are created for deciding a company’s performance and direction. It is an overview of rules and regulations for the people in-charge of an incorporated firm. They are the ones who agree to take responsibility towards the shareholders. Corporate governance is a broad term is today’s business environment. The legal outfits of corporate governance can be customized to fit the meticulous choice of each wearer. The paper will discuss corporate governance from India’s point of view. It will analyze the barriers that an emerging economy like India has to face. In addition, it will explain why it is important for any country to follow good corporate governance practices. In the next section, it will look at how corporate governance became an inseparable part of Indian economy. Next, it discusses involvement of ethics, internal governance, and choice of auditor and audit committee for India. In the conclusion, the paper gives a summary of how corporate governance is influencing the present economic condition of India.