The Current State of Corporate Governance in India

Corporate governance reforms in India have focused primarily in the “role and composition
of the board of directors.” Each of the three sets of recommendations has
advanced a more nuanced and sophisticated understanding of corporate governance
in this respect.

A peculiar characteristic feature of Indian corporate governance that persists until date
is the convergence of management and ownership. Modern corporate capitalism
strives to embrace democracy by separating the two and thus imbibing best
practices at functional levels from a professional talent pipeline.