• Akshita Negi
• Dr. Deepti Monga

The Board of Directors play a vital role as a bridge between the shareholders and the management, hence forming a necessary constituent of the corporate governance system. This article shall elucidate how there is a core set of legal principles that govern the roles and responsibilities of boards and, more specifically, fiduciary duties of care, faithfulness, and good faith, which a board member owes. The article explores deep-rooted expectations about the board's duties and roles regarding financial accountability, risk management, strategic decision-making, and management oversight. It analyses new developments in corporate governance that have major impacts on the very function of the board of directors under changing business environments. Increasing openness and accountability are needed in relation to the growth of ESG considerations, and stakeholder engagement in decision-making processes. It also analyses the significance of technological progress and the lines that cover cyber security and data privacy in front of it, as well as how the board must address these issues. Analysis of leading judgments from courts and recent changes to law provides insight into how they might evolve and impact governance and board responsibilities. Subsequently, the best practices for effective and efficient corporate governance through its encouragement for more frequent board reviews, uninterrupted development for board members, and enhancing shareholder communication, so that boards can also meet the legal requirements and foster long-term value creation in a corporate environment that changes rapidly by adopting these strategies and being aware of newer developments. A thorough study is a useful source for business executives, stakeholders, and current and potential board members who strive toward promoting good governance.

Board of Directors, Corporate Governance, Legal Principles, Fiduciary Duties, Environmental, Social, and Governance (ESG), Stakeholder Engagement, Risk Management, Technology and Governance, Best Practices, Compliance, Accountability, Shareholder Communication.

"ROLE OF BOARD OF DIRECTORS IN ENHANCING CORPORATE GOVERNANCE: AN ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 10, page no.c465-c479, October-2024, Available :http://www.jetir.org/papers/JETIR2410347.pdf

"ROLE OF BOARD OF DIRECTORS IN ENHANCING CORPORATE GOVERNANCE: AN ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 10, page no. ppc465-c479, October-2024, Available at : http://www.jetir.org/papers/JETIR2410347.pdf