CORPORATE GOVERNANCE IN INDIA: EMERGENCE AND BARRIERS

The purpose of this study is to review the different developments in Indian corporate governance. In the age of globalization and liberalization, the introduction of new technology completely altered the character of business connections. As corporate life cycles developed, business transactions became increasingly complicated and organizations found it difficult to manage risk. However, incidences of firms giving their promoters preferential shares at substantially discounted rates, various scam were the main causes of corporate governance concerns in India. In order to manage accounting scandals and relieve growing worries about the accuracy of financial accounts, good corporate governance has emerged as a crucial term. To sum up it briefly, corporate governance aims to encourage accountability, transparency, and fairness in business.