Indian Corporate Governance with Relation to Sarbanes Oxley (SOX) Act: Proposing Business Intelligence (BI) and Blockchain as an Integrated Key Strategy

Kuldeep Singh, Madhvendra Misra and Jitendra Yadav

Chapter 7 in The Convergence of Artificial Intelligence and Blockchain Technologies:Challenges and Opportunities, 2022, pp 145-158 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Among all business disciplines, corporate governance falls under the most significant regulatory fields related to business organizations, in such a way that it affects overall productivity, growth, and even market survival. Owing to changing business conditions, stakeholders’ responsibilities, and the increasing demand for fair business practices, organizations currently focus on reversing traditional governance practices with new initiatives such as blockchain technology, and business intelligence (BI) governance. Internal stakeholders may have an influence on many organizational decisions in a microenvironment, such as compensation policy, recruitment policy, and dividend policy. For this purpose, the Securities and Exchange Committee of the United States has introduced the Sarbanes Oxley Law (SOX), while in India, the same law was introduced as “Clause 49,” issued in line with corporate governance by the Securities and Exchange Board of India. In this study, we compare the Indian version of corporate governance with the U.S. SOX by proposing BI as an essential strategy powered through blockchain technology.

Keywords: Convergence; Blockchains; Artificial; Intelligence; Big Data; Multi-Agent Systems; Internet of Things; 5G; Cloud Security; Mobile Computing; Social Media; Collaborative Governance; Swarm Robotics; e-Government; Supply Chain Management; Smart Contracts; Cryptocurrencies; Industry 4.0; Tamper-Proof Technology (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2022
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