Evolving legal framework of corporate governance in India – issues and challenges

Pankaj Kumar Gupta () and Singh Shallu ()
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Pankaj Kumar Gupta: Centre for Management Studies, JMI University, New Delhi, India
Singh Shallu: Centre for Management Studies, JMI University, New Delhi, India

Juridical Tribune - Review of Comparative and International Law, 2014, vol. 4, issue 2, 240-253

Abstract: Investors now started considering corporate governance as very essential factor before investment especially in view of the unstable environment in the securities market. It is considered that good corporate governance inspires, strengthens and maintains investor’s confidence by ensuring company’s commitment to higher growth and profits. Corporate Governance has become a major concern for global economies particularly the transition world. Sound corporate governance is extremely important for transition economies for creation of the key institutions, the private corporations, which drive the successful economic transformation to a market based economy, effective allocation of capital and development of financial markets, attracting foreign investment and making a contribution to the process of national development. The Corporate Governance issue has emerged primarily because of the growing importance of corporations in the national economies and their interaction with the international agencies and institutions. This paper presents the current scenario of corporate governance in India, the evolving legal framework and identified the major issues and challenges that need to be addressed to implement an effective system of corporate governance in India.

Keywords: Corporate Governance; Ownership; Control; Board of Directors (search for similar items in EconPapers)
JEL-codes: K22 K23 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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