Corporate Governance Disclosures in Indian Industry: A Critical Evaluation

Corporate governance has received an increasing amount of attention in recent years. Corporate scandals have brought corporate governance weaknesses to the attention of the general public, especially in the United States. Weaknesses in the corporate structure of some Indian companies have been partly blamed for some recessions that have occurred there. This paper begins with an overview of some basic corporate governance principles as identified by the OECD, World Bank and IMF, and then proceeds to examine how these principles are being applied in selected companies (which cover public, private and government sectors).Judging corporate governance practices score is another interesting point which attracts the attention of shareholders in particular and stakeholders in general.