Corporate Governance Failure and the Regulatory Fight Against It: An Examination of Select Instances From India

Corporate Governance Failure and the Regulatory Fight Against It: An Examination of Select Instances From India

ISBN13: 9781668498675|ISBN10: 1668498677|ISBN13 Softcover: 9781668498682|EISBN13: 9781668498699
DOI: 10.4018/978-1-6684-9867-5.ch002
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MLA

Manda, Vijaya Kittu, and Lubza Nihar Khaliq. "Corporate Governance Failure and the Regulatory Fight Against It: An Examination of Select Instances From India." Cases on Uncovering Corporate Governance Challenges in Asian Markets, edited by Rashedul Hasan, IGI Global, 2024, pp. 24-54. https://doi.org/10.4018/978-1-6684-9867-5.ch002

APA

Manda, V. K. & Khaliq, L. N. (2024). Corporate Governance Failure and the Regulatory Fight Against It: An Examination of Select Instances From India. In R. Hasan (Ed.), Cases on Uncovering Corporate Governance Challenges in Asian Markets (pp. 24-54). IGI Global. https://doi.org/10.4018/978-1-6684-9867-5.ch002

Chicago

Manda, Vijaya Kittu, and Lubza Nihar Khaliq. "Corporate Governance Failure and the Regulatory Fight Against It: An Examination of Select Instances From India." In Cases on Uncovering Corporate Governance Challenges in Asian Markets, edited by Rashedul Hasan, 24-54. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/978-1-6684-9867-5.ch002

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Abstract

India has recently witnessed several allegations of corporate governance lapses and failure. The alarming situation prompted the government and the regulators to take serious note to make the companies accountable for the allegations and to bring in regulations to contain the policy leaks. The governing body and the board of directors must abide by ethical standards, demonstrating an unwavering commitment to discipline, transparency, fairness, and accountability for their actions. This work uses a case study approach to examine various recent corporate governance failures in India. The examination is made in the following dimensions: accountability, transparency, equitability, responsibility, ethical conduct, board independence, risk management, corporate social responsibility, stakeholder engagement, and regulatory compliance. The study scrutinized various classic and recent corporate governance lapses in established corporate entities and startups and in Indian banks. The measures implemented by regulatory bodies, including the RBI, SEBI, and the MCA, were analyzed.

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