STRUCTURING CORPORATE GOVERNANCE IN INDIA: UNVEILING DEFINITIONS, MECHANISMS, AND CONTEMPORARY TRENDS    

Authors : 1. Dr. Smita Tiwary Ojha, Assistant Professor, Amity Law School, Amity University, Patna; 2. Dr. Sarwar Rahman, Assistant Professor, Glocal School of Business & Commerce, Glocal University; 3. Dr. Shiv Kumar, Assistant Professor, Department of Commerce, Kalicharan P. G. College, University of Lucknow, Lucknow

Publishing Date : 2024

DOI : https://doi.org/10.52458/9788196897451.nsp.2024.eb.ch-11

ISBN : 978-81-968974-8-2

Pages : 100-108

Chapter id : GU/NSP/EB/IESDSPR/2024/Ch-11

Abstract : The board of directors serves as the governing body of a company, entrusted with directing management, setting corporate strategy, and safeguarding stakeholder interests. Functional committees advise the board on specific areas of operation, ensuring effective corporate governance. Whistleblowers play a crucial role in exposing misconduct within organizations, protected by laws to prevent retaliation. Regulators enforce rules to uphold ethical business practices and safety standards. Institutional investors manage investments on behalf of clients and wield significant influence in the market. Corporate governance in India, overseen by SEBI and supported by organizations like NFCG, fosters ethical and transparent business practices. Professional codes of conduct evolve to address emerging trends such as ethical AI, inclusivity, and environmental sustainability. Internal and external mechanisms, including board composition, corporate codes of conduct, and regulatory oversight, ensure accountability and transparency in corporate operations.

Keywords : Corporate Governance, Whistle Blowers, Regulatory Bodies, India, Regulators

Cite : Rahman, S., & Kumar, S. (2024). Structuring Corporate Governance In India: Unveiling Definitions, Mechanisms, And Contemporary Trends (1st ed., pp. 100-108). Noble Science Press. https://doi.org/10.52458/9788196897451.nsp.2024.eb.ch-11

References :

1. Chakrabarti, R., & Megginson, W. I. (2009). Corporate governance in India. In Global Corporate Governance (pp. 151-176). Columbia University Press.
2. Larcker, D., & Tayan, B. (2020). Corporate governance matters. FT Press.
3. Mathur, U. C. (2005). Corporate Governance and Business Ethics: Text and Cases. Macmillan.
4. Modh, S. (2005). Ethical Management: Text and Cases in Business Ethics and Corporate Governance. Macmillan Publishers.
5. Tricker, R. I. (2015). Corporate governance: Principles, policies, and practices. Oxford University Press, USA.
6. Yoshikawa, T., & Rasheed, A. A. (2009). Convergence of corporate governance: Critical review and future directions. Corporate Governance: An International Review, 17(3), 388-404.