An Empirical study on the relationship between Corporate Governance practices and financial performance of select corporate sectors in India.

Corporate Governance, has found its prominence and acceptance in most countries of the world as, “it includes making necessary disclosures and decisions, complying with the law of the land, commitment towards conducting the business in ethical manner and being responsible towards its stakeholders”; Much has been heard, talked and said about the topic of corporate governance, but unfortunately the parameters to judge its practical implementation is still not very clear to many. Effective corporate governance not only helps in defining, implementation and monitoring company's objective but also helps in providing a structure that will ensure accountability to the shareholders involved in the organization. This article attempts to study the relationship between corporate governance practices and financial performance of select companies. The final conclusion of the study revealed that effectiveness of corporate governance determines the financial performance of companies.