Corporate Governance in India: An Evolving Landscape

Seema Joshi () and Ruchi Kansil ()
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Seema Joshi: University of Delhi
Ruchi Kansil: An academician and independent researcher

Chapter Chapter 2 in Looking at and Beyond Corporate Governance in India, 2023, pp 33-52 from Springer

Abstract: Abstract With the growing influence of India in Asia and G-20 nations as well as the spread of awareness of the OECD Principles of Corporate Governance (CG)Corporate governance (CG)OECD principles of, CG reforms in India have assumed great relevance. These reforms are critical to underpin sound economic growth and value creation. The last three decades have witnessed several key structural CG reforms in India. These vary from the constitution of various committees (such as Kumar Mangalam Birla Committee on Corporate Governance) to the establishment of a regulatory body (SEBI) and from the enactment of legislation (SEBI Act to Companies Act, 2013) to further amendments (Companies (Amendment) Act, 1999, Clause 49 of the Listing Agreement and the Companies Act, 2013) therein. This chapter portrays the evolving CG landscape in India by first presenting its historical perspective and later tracing the chronology of three decades of CG reforms in India. The journey highlights a shift from an “approval-based regime” to a “disclosure-based regime”.

Date: 2023
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DOI: 10.1007/978-981-99-3401-0_2

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