Impact Factor : 5.750 
PAPER ID:IJIM/Vol. 7(X)/February 2023/17-22/3
AUTHOR: Sachin Grewal
TITLE: IMPORTANCE OF CORPORATE GOVERNANCE IN A COMPANY IN INDIA
ABSTRACT: Corporate Governance is the new golden term coined in the corporate sector in the late 1990’s by the Industry Association on Confederation of Indian Institute which was the first initiative in India as a voluntary measure to be adopted by Indian companies. It has outlined a series of voluntary recommendations to integrate best-in-class practices of corporate governance in listed companies which touches the four cornerstones of fairness, transparency, accountability and responsibility in managing the affairs of the company. Corporate Governance practices in the effective management of the company can be seen as introduction to new significant provisions introduced in the Companies Act, 2013 in form of independent directors, women directors on the board, corporate social responsibility and mandatory compliance of Secretarial Standards issued by Institute of Company Secretaries of India as per Section 118 of Companies Act, 2013.
KEYWORDS: Corporate Governance, Companies Act 2013, Corporate Social Responsibilities, Board of Directors, Audit Committee, Internal Audit