Corporate governance disclosure practices and performance of BSE listed companies in India a sectoral analysis

Abstract

Corporates have become more powerful and dominant institution than ever. They have reached to every single junction of the globe in various sizes, capabilities newlineand influences. Their CG has influenced economies and various other aspects. newlineThough there are many regulatory frameworks, Laws and Boards governing the CG policies, still the companies that are supposed to be the best in their CG practices seem to fail in keeping up the shareholders interest. The field of CG geared up in 1970s has backup of many pitfalls. The patchwork system of regulation, policies and the lack of accepted cadent for predisposing the constituents of successful CG acted newlineas an hindrance to achieve the best practices of CG. Along with this decades of highpriority attention to governance problems, achieving best practices has also been obstructed by a patchwork system of regulations, a blend of public and private policy makers, and lack of an acknowledged metric for figuring what constitutes successful CG. It essentially involves balancing the interests of many stakeholders in a company - these incorporate its shareholders, management, customers, suppliers, financiers, newlinegovernment and the community . Since, corporate governance also provides the newlinesystem for achieving company s objectives, it incorporates practically every sphere of management, activity designs and inward controls to execution approximation and newlinecorporate disclosure.