Symbiosis Law School, Noida, Symbiosis International (Deemed University), Pune, Maharashtra, India
Corporate governance refers to the practice of steering a business or other organization in a desired direction via the implementation of strategic choices. Incorporating a procedure that lessens principal-agent conflict, ensures that everyone in the company is responsible for their actions. Gaining money in today’s cutthroat market may be facilitated by adopting best practices in corporate governance, which may boost investors’ confidence in the company. Value creation for shareholders as a whole benefit from this increased transparency into economic activity. Corporate governance, which incorporates both institutional and societal factors, has a lot of room to grow. The fundamental principles are “fairness, responsibility, accountability, and transparency”. In both business and society, an ethical climate may be fostered with the aid of good governance. Companies and government agencies in India are working together to better implement the concepts that underpin good corporate governance in the country’s business structures. This research aims to add to this body of knowledge by conducting a literature review on the topic of corporate governance (Sarbanes-Oxley Act, 2002).
Governance, Principles, Fairness, Responsibility, Business, Investors
