Corporate Governance in India: Best Practices, Challenges, and Future Perspectives

Abstract

As India's corporate sector expands and gains global prominence, the role of effective corporate governance becomes ever more critical in ensuring transparency, accountability, and ethical decision-making. This paper aims to provide a comprehensive understanding of corporate governance in the Indian context, best practices and challenges by exploring and analysing present literature, regulatory frameworks, and past studies. Ultimately, the findings of this study provide valuable insights Indian corporate ecosystem. The current state of corporate governance in India has witnessed a profound evolution driven by regulatory reforms, heightened transparency, and a growing acknowledgment of governance's pivotal role in the corporate landscape. Best practices in corporate governance serve as a fundamental framework for transparent, ethical, and efficient business operations. Nevertheless, governance in India faces persistent challenges, such as related-party transactions, regulatory complexity, board diversity issues, cybersecurity threats, and crisis management. Corporate governance in India is expected to further evolve, with an increasing focus on ESG integration, digital governance, stakeholder engagement, crisis management, and global standards compliance