A conceptual framework of corporate governance

This paper introduces the special issue on corporate governance co-sponsored by the review of financial studies and the national bureau of economic research reviews and comments on the state of corporate governance research. The present paper aims at reviewing the various developments in corporate governance in India. The objective of corporate governance as set of systems, process and principles which ensure that a company is governed in the best interest of all stakeholders. In short corporate governance is about promoting corporate fairness, transparency and accountability.