This paper seeks to explore the present state of corporate governance practices in India and with this purpose latest available annual report (of 2012–13 or 2013–14) of 100 companies from ten different industry sectors are examined. The results depict that firms in India are presently following governance practices by following mandatory and non mandatory guidelines issued by SEBI in clause 49 of listing agreement regarding corporate governance. But still there is a scope for improvement towards an ideal state of governance in India for excellence. Moreover, there are no significant differences in corporate governance practices followed by firms across different sectors.
Annual Reports, Clause 49, Corporate Governance, Disclosure Practices, SEBI
