Corporate governance challenges and issues in emerging India

Corporate Governance means the way in which directors and auditors handle their responsibilities towards shareholders and other company stakeholders. The concept is built around the relationship between owners and management of the company. The purpose of this paper is to study how does firm governance affect’ the growth strategies in an emerging economy and to understand the importance of corporate governance reforms in the emerging economy like India. The business entities, banks, corporation all are relying on corporate governance as means to achieve highest standards. The major focus in this paper is to address issue in corporate governance related to corporate culture, recent regulatory framework for trade, corporate strategies, corporate administration, emerging trends in corporate social responsibilities and how important it is to the company to follow the principles of good corporate governance and benefits of it and also describe the challenges of the corporate governance reforms in India. The paper review the existing Codes of corporate governance in emerging economy of India. It will stimulate an academic debate on various issues pertaining to corporate governance codes in promoting corporate performance and stakeholders, value.