Junior Research Fellow,
Corporate Governance is aptly considered a philosophy by which companies are directed, monitored, managed and Controlled. It is essentially followed in organizations to create a conscious corporate culture which ensures openness, transparency and integrity. The infamous example of Satyam and other Securities Scam drop a hint at Poor Corporate Governance and lack of transparency of Corporate financial reporting as a major root cause for most of the corporate scandals. This paper seeks to study whether the IT companies are in compliance with the guidelines on Corporate Governance disclosure practices in accordance with the Kumar Mangalam Birla Committee Report. The results point out that the many companies are in compliance in letter and spirit with the Birla report.
