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The changing landscape of corporate governance framework in India

Author

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  • J.P. Singh
  • Naveen Kumar
  • Shigufta Hena Uzma

Abstract

Significant changes have taken place in India after its independence, making the economy more diverse and complex. Among the fastest developing countries of the world, India is in the continuous process of upgrading its corporate governance (CG) framework to endow a transparent business environment. The present article makes an endeavour to retrace developments in CG in India from independence to date. The study analyses the issues and challenges posed in (1) the era after independence and (2) post-liberalisation regime and examines the development of CG during these periods to address these issues with a focus on the Companies Act, 1956 and Clause 49 of the Listing Agreement. The article also evaluates reforms proposed under the new framework of Companies Bill, 2009, which enables an opportunity for lawmakers to reassess the extant CG framework and initiate appropriate improvements that can reinforce investor's confidence in the Indian economy in the aftermath of the Satyam fiasco.

Suggested Citation

  • J.P. Singh & Naveen Kumar & Shigufta Hena Uzma, 2011. "The changing landscape of corporate governance framework in India," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 4(5), pages 506-522.
    • Handle: RePEc:ids:ijicbm:v:4:y:2011:i:5:p:506-522
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    Cited by:

    1. Reddy, Kotapati Srinivasa & Nangia, Vinay Kumar & Agrawal, Rajat, 2013. "Share repurchases, signaling effect and implications for corporate governance: Evidence from India," MPRA Paper 60147, University Library of Munich, Germany.
    2. Faozi A. Almaqtari & Hamood Mohd. Al-Hattami & Khalid M. E. Al-Nuzaili & Mohammed A. Al-Bukhrani, 2020. "Corporate governance in India: A systematic review and synthesis for future research," Cogent Business & Management, Taylor & Francis Journals, vol. 7(1), pages 1803579-180, January.

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