ANNOUNCEMENTS
This study offers a critical analysis of corporate governance in India by tracing its regulatory evolution, evaluating statutory frameworks, and identifying persistent challenges that hinder its effective implementation. Through a doctrinal methodology based on legal texts, case laws, and secondary literature, the research investigates the adequacy and enforcement of existing mechanisms such as the Companies Act, 2013 and SEBI’s Listing Obligations and Disclosure Requirements (LODR). Despite aligning with global standards, the Indian corporate landscape continues to face structural deficiencies—particularly promoter dominance, insufficient board independence, and regulatory gaps—that weaken transparency, accountability, and investor confidence.
The study examines major corporate failures, including the Satyam scandal, IL&FS crisis, and DHFL collapse, as case examples of governance breakdowns with systemic implications. It also engages with international governance norms like the OECD principles and the Model International Corporate Governance Code, assessing their relevance and influence in the Indian context. Sector-specific challenges in state-owned enterprises and financial institutions are highlighted to demonstrate the complex interplay between governance expectations and institutional limitations.
Findings indicate that while India has made considerable progress in codifying corporate governance norms, significant enforcement and cultural challenges remain. The research concludes by recommending measures such as stronger regulatory oversight, greater board diversity and independence, and more meaningful stakeholder engagement. These reforms are essential not only to ensure compliance but also to cultivate a corporate environment grounded in ethical conduct, long-term sustainability, and trust. Effective governance is thus positioned as a cornerstone for economic resilience and institutional credibility.
