Corporate Governance in India

Corporate governance is the name given to a collection of policies, procedures, and practises that make sure the business is run in the best interests of all of its stakeholders.

• Following the recommendations of the Kumarmangalam Birla Committee Report, the SEBI created the first structured regulatory structure for listed companies explicitly for corporate governance in February 2000. In India, the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (Securities and Exchange Board of India) have taken corporate governance initiatives (SEBI).
• SEBI also uses a range of rules to enforce corporate governance norms. The Securities Contracts (Regulation) Act of 1956 is one of them.
• The Ministry of Corporate Affairs appointed the Naresh Chandra Committee to investigate various corporate governance problems in 2002.
• The SEBI developed the first formal regulatory structure for listed firms, specifically for corporate governance, in February 2000.

The demand for corporate governance has arisen as a result of growing worries about boards of directors and management of firms not adhering to norms of financial reporting and accountability, which results in significant losses for investors.