Business Environment, 4th Edition by Pearson

Corporate Governance | 467

scandal, there have been increasing and violent

demand for greater transparency and good

corporate governance.

 In India, the interest in corporate governance

was revived with the onset of the process

of economic reforms in 1991. Deregulation,

privatization, marketisation, and globalisation

trends unleashed in the process of reforms

led to a renewed interest and a need for good

governance in the country’s corporate sector.

 There is a widely held belief that the standards

of corporate governance must match with the

spirit of the new economic policy and reforms

so that the interests of the various stakeholder ...