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Corporate Governance Reforms Driving Sustainable Business Practices in India
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Author(s): Jatinder Kaur (HPU Regional Centre, Dharamshala, India), Gitanjali Upadhaya (Central University of Himachal Pradesh, India)and Priyanka Chadha (Manav Rachna International Institute of Research and Studies, India)
Copyright: 2025
Pages: 24
Source title:
Governance Strategies for Effective Sustainable Development
Source Author(s)/Editor(s): Vipin Nadda (University of Sunderland, UK), Uday Bhan Singh (Central University Dharamshala, India)and Bilan Sahidi (The University of Sunderland, UK)
DOI: 10.4018/979-8-3693-3011-1.ch014
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Abstract
Corporate governance is a fair and transparent mechanism that ensures long-term shareholder value that benefits all other stakeholders, including society. Over the years, various corporate scams and frauds have led to legislative and regulatory changes and the adoption of better governance practices across the globe. These events brought to light issues such as financial mismanagement, CEOs' misconduct, inadequate regulatory frameworks, weak enforcement mechanisms, etc., underscoring corporate governance's role and its alignment with international standards. Therefore, this paper aims to study India's various reforms, significant legislations, and regulations to improve corporate governance mechanisms. In addition, it explores the influence of corporate governance in achieving various SDG goals, illustrated through case studies. The chapter also underscores the challenges and prospects associated with corporate governance within India, alongside the ongoing initiatives to align corporate standards with international benchmarks.
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