Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward
In the Era of Globalised world, the importance of Fair Corporate Governance policies has been recognized by different countries. From collapse of Wallpaper Group Coloroll in UK, Enron Scandal in US and Satyam Scam in India, all of these countries have witnessed some of the largest Corporate Scams....
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Qubahan
2021-06-01
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| Series: | Qubahan Academic Journal |
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| author | Deepika Kulhari |
| author_facet | Deepika Kulhari |
| author_sort | Deepika Kulhari |
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In the Era of Globalised world, the importance of Fair Corporate Governance policies has been recognized by different countries. From collapse of Wallpaper Group Coloroll in UK, Enron Scandal in US and Satyam Scam in India, all of these countries have witnessed some of the largest Corporate Scams. With the help of good Corporate Governance Policies, a country can protect its economy and investment made therein. It encourages shareholders to invest in capital market and ensure safety of their investment. In India, the corporate governance and its basic pillars on which governance stands i.e. Transparency, Accountability and Fairness, were introduced through Clause 49. This was done only after it was recommended by the Kumar Mangalam Committee. Yet, subsequently the shocking event of Satyam Scam & other Corporate Governance failure continues to hit Indian economic on various occasions.
This paper will analyse the past experience of some of the famous scams happened in India specifically in past one decade and the lessons learnt thereby. The paper furthermore discusses the current legal issue and the challenges faced by Corporate Governance practices in India.
Keywords - Corporate Governance, Corporate Scam, SEBI.
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| format | Article |
| id | doaj-art-3eafcfce6c634085bb8c08fb19b2cca0 |
| institution | Kabale University |
| issn | 2709-8206 |
| language | English |
| publishDate | 2021-06-01 |
| publisher | Qubahan |
| record_format | Article |
| series | Qubahan Academic Journal |
| spelling | doaj-art-3eafcfce6c634085bb8c08fb19b2cca02025-02-03T10:12:47ZengQubahanQubahan Academic Journal2709-82062021-06-011310.48161/qaj.v1n3a7373Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way ForwardDeepika Kulhari0Department of Law, University of Rajasthan. India In the Era of Globalised world, the importance of Fair Corporate Governance policies has been recognized by different countries. From collapse of Wallpaper Group Coloroll in UK, Enron Scandal in US and Satyam Scam in India, all of these countries have witnessed some of the largest Corporate Scams. With the help of good Corporate Governance Policies, a country can protect its economy and investment made therein. It encourages shareholders to invest in capital market and ensure safety of their investment. In India, the corporate governance and its basic pillars on which governance stands i.e. Transparency, Accountability and Fairness, were introduced through Clause 49. This was done only after it was recommended by the Kumar Mangalam Committee. Yet, subsequently the shocking event of Satyam Scam & other Corporate Governance failure continues to hit Indian economic on various occasions. This paper will analyse the past experience of some of the famous scams happened in India specifically in past one decade and the lessons learnt thereby. The paper furthermore discusses the current legal issue and the challenges faced by Corporate Governance practices in India. Keywords - Corporate Governance, Corporate Scam, SEBI. https://journal.qubahan.com/index.php/qaj/article/view/73Corporate GovernanceCorporate ScamsSEBI |
| spellingShingle | Deepika Kulhari Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward Qubahan Academic Journal Corporate Governance Corporate Scams SEBI |
| title | Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward |
| title_full | Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward |
| title_fullStr | Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward |
| title_full_unstemmed | Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward |
| title_short | Examination of Historical Advancement of Corporate Governance in India– Contemporary Issues and Way Forward |
| title_sort | examination of historical advancement of corporate governance in india contemporary issues and way forward |
| topic | Corporate Governance Corporate Scams SEBI |
| url | https://journal.qubahan.com/index.php/qaj/article/view/73 |
| work_keys_str_mv | AT deepikakulhari examinationofhistoricaladvancementofcorporategovernanceinindiacontemporaryissuesandwayforward |