• Onkar Bagaria

Although the topic has been brought to media attention by recent high-profile corporate governance scandals in developing countries, the subject has always been central to finance and economics. As it is key to financial and economic growth, the problem is especially important for developing countries. Recent research has shown that financial development in a country, de jure and de facto, is largely dependent on investor protection. India has one of the best corporate governance laws with the legacy of the English legal system, but poor implementation along with socialist policies of the pre-reform era has impacted corporate governance. The Indian corporate landscape is marked by concentrated ownership of shares, pyramiding and tunneling of funds among group companies. With the DFI candidate directors unable or unable to fulfill their oversight duties, boards of directors have also been mute spectators. However, since liberalization, serious efforts have been made to revise the system, with the SEBI instituting Clause 49 of the Corporate Governance Listing Agreements. Indian banks' corporate governance is also witnessing a phase of transition with a shift towards more market-based governance.

Corporate; Economic; Finance Governance; and Investor

"Corporate Governance in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.904-907, April-2019, Available :http://www.jetir.org/papers/JETIREO06198.pdf

"Corporate Governance in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp904-907, April-2019, Available at : http://www.jetir.org/papers/JETIREO06198.pdf