Abstract

This paper is a conceptual paper and is an attempt to make the concept of Corporate Governance understood in a very simple manner. The paper looks at the issues like how the concept of Corporate Governance is important in organizations, the objective of this concept, the performance expectation of all the stakeholders, and the need for corporate governance for Strategic Thinking and Strategy Implementation in an Organization. The mechanisms and controls, the impact of corporate governance on productivity for an organization and the recent research done in the Indian context is also looked in this paper. The various codes on corporate governance, which have evolved in India is also looked into in the paper. Implementation issues in the context of Indian companies are part of the paper. The role of corporate governance in Public Sector Enterprises (PSEs) and the role of the apex body for public sector enterprises in India, Standing Conference of Public Enterprises (SCOPE) are also highlighted in the paper. This is contrasted with existing corporate governance practices in the Private Sector operating in India.