Corporate Governance and its Legal Implications on Indian Corporate Sector: A Comprehensive Study

Corporate governance is the system, principles, and processes used to direct and control a company. It is the framework that defines the division of rights and responsibilities among various participants in the corporation, including the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders. The aim of corporate governance is to ensure accountability, fairness, and transparency in a firm’s relationship with all stakeholders. It also involves decision-making practices and procedures for corporate matters. Corporate governance helps align the interests of all the stakeholders and thereby aids investor confidence, facilitates easier access to capital, and ensures long-term survivability.