ISSN 2581-5369
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Development of Corporate Governance Framework in India and Examining the Issues and Challenges in the Existing Framework
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Nikita Chatterjee
LLM student at O.P Jindal Global University, India.
Abstract
Various corporate scams in the corporation in different jurisdictions like the Enron debacle in the American jurisdiction, Bank of Credit and Commerce International & Maxwell Communications Corporation in United kingdom’s jurisdiction and Satyam scam in the Indian jurisdiction gave birth to the concept of corporate governance to strengthen the trust of the investors and to create an atmosphere of accountability for the controllers of the corporation. This paper seeks to examine the evolution in the Corporate governance Framework of India and identify and address the significant challenges & suggest any changes to the legislative provision keeping current developments in mind to strengthen the trust upon Indian corporations in the age of technology and dynamic global environment.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 5, Issue 1, Page 1636 - 1650
DOI: https://doij.org/10.10000/IJLMH.112715Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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