Overview
This section introduces corporate governance as a system of rules and practices that directs and controls a company, balancing stakeholder interests. It highlights the importance of transparency, accountability, and ethical operations, particularly in light of India's regulatory advancements since the 1990s. Effective corporate governance fosters investor confidence, enhances risk management, ensures compliance, and improves operational efficiency. Additionally, it influences a company’s reputation and promotes ethical culture. Understanding these principles is vital for management learners to navigate the complexities of modern business.