In this section, we learned about the regulatory frameworks and compliance requirements in corporate governance are crucial for ensuring that companies operate in a transparent, accountable, and ethical manner. Global standards, such as those set by the OECD and the World Bank, provide valuable guidance for establishing robust governance practices. In India, the Companies Act and SEBI's regulations form the backbone of corporate governance, ensuring that companies adhere to high standards of accountability and transparency.

We also learned about the corporate governance codes, including codes of conduct and compliance requirements, further reinforce these standards by providing specific guidelines for ethical behavior and regulatory compliance. For management learners, understanding these frameworks and codes is essential, as they form the basis for good corporate governance practices and are critical for the long-term success and sustainability of companies. As future leaders, these learners will be responsible for upholding these principles and ensuring that their organizations operate with integrity and accountability.