International Journal For Multidisciplinary Research

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The Impact of COVID-19 on Corporate Governance Practices and Legal Requirements

Author(s) PRERNA PANWAR, SHREYA KARDAM, SNEHIL NARAYAN, SIDDHARTH KAMBLE
Country India
Abstract The COVID-19 pandemic has had an unprecedented effect on businesses worldwide, exposing vulnerabilities in corporate governance and challenging existing legal frameworks. This research paper examines the impact of the pandemic on corporate governance practices, focusing on the adaptations made by businesses to maintain operational integrity, ensure compliance, and protect stakeholder interests. It also explores the legal requirements and reforms that have been implemented to accommodate new challenges, including virtual board meetings, increased disclosure obligations, and enhanced attention to environmental, social, and governance (ESG) factors. The paper concludes with an analysis of the long-term implications of these changes, arguing that COVID-19 has accelerated trends toward greater transparency, flexibility, and stakeholder engagement in corporate governance.
Keywords Corporate Governance, COVID-19 Pandemic, Risk Management , Stakeholder Engagement , Accountability, Legal Reforms , Board Responsibilities, Corporate Strategy, Crisis Management , Remote Governance , Shareholder Rights , Corporate Social Responsibility (CSR) , Financial Resilience, Regulatory Compliance, Post-Pandemic Governance, Digital Transformation, Business Continuity, Ethical Considerations, Corporate Risk, Technology and Governance, Legal Frameworks, Governance Structures , Regulatory Adjustments, Supply Chain Risks
Field Sociology > Administration / Law / Management
Published In Volume 6, Issue 5, September-October 2024
Published On 2024-10-20
Cite This The Impact of COVID-19 on Corporate Governance Practices and Legal Requirements - PRERNA PANWAR, SHREYA KARDAM, SNEHIL NARAYAN, SIDDHARTH KAMBLE - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.28838
DOI https://doi.org/10.36948/ijfmr.2024.v06i05.28838
Short DOI https://doi.org/g8np9n
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