International Journal For Multidisciplinary Research

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A Study on Corporate Governance Issues and Challenges in Public Sector Undertakings in India

Author(s) Lakhan Veer Singh
Country India
Abstract Corporate governance has become crucial for all sectors, including government organizations, as a result of the altered nature of the commercial environment in today's market. Building the trust of its many stakeholders, including customers, suppliers, workers, shareholders, bankers, and society at large, is a constant focus of corporate governance. Since these public-sector organizations (PSUs) are operated with taxpayer money, it becomes crucial for these organizations to abide by these conditions since they are socially responsible units. A firm is managed and regulated using the corporate governance system of laws, customs, and procedures. Any public-sector undertaking's corporate governance system is based on four pillars: transparency, full disclosure, independent oversight, and equity for all. The current corporate governance environment, practices, and institutional structure of Indian PSUs are examined in the study. It is a theoretical analysis of public-sector corporate governance in India. This essay makes an effort to comprehend the various causes of the PSUs in India's inability to maintain corporate governance and, in turn, offers recommendations to enhance its application. Even if the public sector has distinctive qualities, it must conform to corporate governance to promote accountability, openness in business, and stakeholder confidence. This study is entirely based on secondary data and conceptual in nature.
Keywords Corporate Governance, Accountability, Transparency, Public sector, Shareholders
Published In Volume 5, Issue 4, July-August 2023
Published On 2023-07-09
Cite This A Study on Corporate Governance Issues and Challenges in Public Sector Undertakings in India - Lakhan Veer Singh - IJFMR Volume 5, Issue 4, July-August 2023. DOI 10.36948/ijfmr.2023.v05i04.4298
DOI https://doi.org/10.36948/ijfmr.2023.v05i04.4298
Short DOI https://doi.org/gsgntb
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