—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.
—Indian corporate governance, internal
governance, audit committee, ethics.
The authors are with Sam Houston State University, Texas, USA (e-mail:
Cite: Ruchi Kulkani and Balasundram Maniam, "Corporate Governance — Indian Perspective," International Journal of Trade, Economics and Finance vol.5, no.4, pp. 364-368, 2014.