Corporate Governance in India
Corporate Governance is concerned with regulating the corporate companies in an appropriate manner to ensure that there is perfect competition among them, and at the same time, they are doing their bit towards the society through Corporate Social Responsibility. Although corporate Governance existed for a long time, it started gaining more relevance and necessity after 1991, the year of LPG (Liberalization, Privatization, Globalization) reforms. After these reforms, hundreds of foreign companies and MNC's started to set up their branches in India and began to invest in India's market directly. To ensure that such companies do not exploit the situation of the economy and the labor market, setting up a regulatory framework became all the more important.
Before the reforms, the primary leg...