Corporate governance refers to a combination of laws, regulations, procedures, implicit rules
and voluntary practices which help companies to perform efficiently and maximize long term value
for shareholders and at the same time looking after the interests of other stakeholders like
buyers, government, society at large etc. Lenders whether national or international, also look
for them for taking exposure in any corporate. It is a function of transparency and fairness in
operations and making proper disclosures.
Company as a business organization has become popular over the years. With the growth in size of
these corporates, governance has become all the more important. SEBI and listing agreements of
various stock exchanges require that the requirements of corporate governance are duly complied
with.