A study of Corporate Governance practices in selected Companies in context of prevailing LODR and Companies Act

Abstract

The Corporate Governance has become a buzz word not only in India but other countries as well. In last decade all major economic nations has significantly revised the corporate  governance norms.

Several service industry sector’s importance has significantly increased in last couple of years. Moreover, various industries across sectors and geographical boundaries have seen digital transformation in last decade. The current trends includes the concept of Industry 4.0, Internet of Things and Artificial Intelligence etc.

Despite Favorable or Adverse situations in last two-three years, the Indian companies in in several sectors have not only performed financially well but also tried to accomplish better standards of corporate governance.

India also witnessed significant changes in the area of Corporate Governance. As the Companies Act, 1956 was replaced by The Companies Act 2013. The Securities and Exchange Board of India also came out with Listing Obligations and Disclosure Regulations (LODR) which are stricter norms for corporate governance. Recently, the National Stock Exchange announced introduction of “NSE Prime”, a voluntary set of premium norms in context of listed companies.

This paper examines the corporate governance practices in Indian companies in context of prevailing act and LODR norms.