Published Paper Details:

As the number of companies continues to grow, there arises a need for establishing a mechanism that accurately portrays the structure and operations of any business entity. In this regard, the concept of corporate governance plays a crucial and indispensable role. Numerous stakeholders are invested in the performance of these companies, and shareholders, in particular, seek assurance that the company operates with transparency in all its business actions and critical decisions. While companies are artificial entities, it is unjust to hold the entire corporate responsible for any fraud committed by an insider. Corporate governance addresses this issue by providing provisions to uncover the truth and hold the real individuals behind corporate frauds accountable. In India, SEBI has introduced clause 49, which outlines mandatory and non-mandatory parameters that every listed company must adhere to. The main focus of this paper is to comprehensively understand the concept of corporate governance and its significance in the Indian market. Furthermore, the paper will discuss the major opportunities and challenges faced in implementing corporate governance in India.