Author: Shiva Prasad Dey, Prof. Amrit Lal Ghosh & Dr. Kalyan Das
DOI Link: https://doi.org/10.70798/Bijmrd/03100022
Abstract: India has experienced lots of financial scam like Sahara, Satyam, Saradha, Harshad Mehta cases, etc. in the corporate sector which has deeply affected the Capital market of India in the past few years back. To protect the interest of the investors, SEBI amended Corporate governance provisions under Clause 49 of the listing agreement to align with the Companies Act, 2013 by Ministry of Corporate affairs. Corporate governance refers to the systems, processes, and practices through which companies are directed and controlled. It involves the mechanisms by which stakeholders such as shareholders, board members, managers, employees, and other parties interact to ensure the company is run efficiently, ethically, and in compliance with laws and regulations. The purpose of the study is to rank the company based on corporate governance disclosure index. The sample of the study includes all the company listed under BSE SENSEX 50 which has a list of 50 companies from different sector or industries. The study used secondary data which are collected from the official website of the respective company annual reports selected for the study and also the online journals and books. The finding of the study reveals that most of the companies are below the average score and follow low compliance. The study seeks to benefit the potential investor, shareholders, future investor, researchers, academicians, etc.
Keywords: Corporate Governance, BSE SENSEX, SEBI, Companies Act.
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