An Empirical Study of Corporate Governance Practices in Selected Indian IT Companies

Abstract

Corporate Governance has become the buzzword in recent times. This is the result of increase in investor awareness, greater emphasis on transparency by various factors and increased investor's literacy. The economic policy of Liberalization, Privatization and Globalization demands greate,: transparency and proper implementation of corporate governance standards. The present study aims to examine the governance practices prevailing in the corporate sector within the Indian regulatory framework. The study is conducted to assess governance practices and process followed by · Indian corporate houses. The study also aims to assess the substance and quality of reporting of Corporate governance practices in annual reports. The study is conducted on four renowned companies in Information Technology sector viz. Tata Consultancy Services Ltd. Wipro Ltd., Infosys Ltd, And HCL Limited.