Assessing Corporate Governance Excellence: A Comparative Analysis of Primary Sector Companies

This study conducts a comprehensive evaluation of corporate governance practices across primary sector companies, focusing on five key public entities: ONGC, OIL, NMDC, NLC, and CIL. The analysis is performed using a seventeen-point model to assess governance excellence, utilizing both descriptive statistics and non-parametric tests to discern patterns and differences in corporate governance scores for the period from 2011-12 to 2020-21. The findings reveal varying degrees of governance stability and improvement among the companies, with significant differences identified particularly between ONGC and NLC. This research underscores the importance of consistent governance practices in enhancing corporate performance and provides a comparative insight into the governance strategies adopted by leading primary sector companies.