Title: Corporate governance in India - the paradigm shift

Authors: Neeti Shikha

Addresses: Economic Environment and Policy, Institute of Management Technology, Raj Nagar, Ghaziabad, Uttar Pradesh, India

Abstract: There is a growing dialogue on how corporate governance should evolve to cope with the increasingly dynamic and global nature of capital market. This dialogue is taking place against a background of the new approach towards economic policies, which the government has adopted to make India an attractive destination for commerce. The lawmakers have been conscious of the fact that investors protection must be of priority. Investor protection is an integral part of corporate governance. In order to ensure best interest of investors, various authorities such as Securities and Exchange Board of India and Insurance Regulatory and Development Authority have introduced new regulations for protection of investors. The Companies Act, 2013 has included several core principles of corporate governance including regulations relating to shareholders' rights, directors' duties, independent directors, auditors, etc. This paper attempts to look into the regulatory structure of corporate governance in India and critically analyse its effectiveness in given market structure of the country, where the business is largely family owned.

Keywords: Companies Act 2013; corporate governance; SEBI; shareholders.

DOI: 10.1504/IJCG.2017.087359

International Journal of Corporate Governance, 2017 Vol.8 No.2, pp.81 - 105

Available online: 06 Oct 2017 *

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