Publication Date: 2023/08/01
Abstract: In light of the volatile securities market, investors have now recognized the crucial significance of corporate governance as a decisive factor in their investment decisions. The assurance of strong corporate governance practices is perceived as instrumental in inspiring, reinforcing, and preserving investor confidence, while also ensuring a company's commitment to achieving higher growth and profitability. The global economy, particularly transitional economies, has increasingly prioritized corporate governance as a vital concern. In emerging economies, the growth of the private sector is vital for advancing towards a laissez-faire economic system. For this reason, competent corporate governance is essential. It does this through encouraging efficient use of financial resources, fostering the development of capital markets, and drawing in investments from other countries, all of which contribute to the expansion of the economy. Due to the increasing significance of private business entities in the country and their increased involvement with multi-national organisations and global structures, the discipline of corporate governance has emerged as a topic of increasing importance in recent years. The present condition of India's corporate governance framework, the transforming regulatory structure, and the difficulties and obstacles associated with it have been highlighted in this paper and must be faced in order to establish a strong and successful system of corporate governance in the nation. Specifically, the paper focuses on the legal structure that has been recently developed.
Keywords: Corporate Governance, Board of Directors, Ownership Control.
DOI: https://doi.org/10.5281/zenodo.8204055
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23JUN2503.pdf
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