Corporate Governance and Social Responsibility in India: Emerging Trends and Best Practices - An Empirical Study

Abstract

Corporate governance and social responsibility have emerged as critical components of modern corporate operations, particularly in rising nations such as India. The purpose of this research is to look at developing trends and best practices in corporate governance and social responsibility in India. The research takes an empirical approach, gathering data from a variety of sources such as business reports, surveys, and academic literature. The study's findings indicate that corporate governance and social responsibility practices in India have improved significantly over the last decade. The advent of new legislation and norms, along with increased stakeholder pressure, has compelled businesses to embrace more ethical and sustainable business practices. Yet, there are still issues to be addressed, such as a lack of openness and accountability in certain businesses. The report offers a number of best practices that businesses may implement to enhance their corporate governance and social responsibility practices, such as stakeholder engagement, responsible sourcing, and ethical leadership.