Corporate Governance and Fraud Prevention in India: Analyzing the Gaps in Recent Reform Implementation
Author : Dr. Rashmi Agrawal and Anupam Chaudhary
Abstract :
This paper explores how recent changes in corporate governance in India are assisting in detection and prevention of fraud in corporate sector. Corporate governance refers as the rules and practices that guide how companies should operate with the goal of making them more transparent and accountable but there has been a lot of gap were may affect the proper functioning of firms. In the last few years, India has put into practice several new reforms to strengthen these practices and reduce fraudulent activities. This study explain whether these reforms are working as intended and try to identify the challenges that need to be addressed. By looking at real-world cases like Satyam scandal (2009), PNB fraud (2008), yes bank scandal (2019) etc. and analyzing the effectiveness of these measures, we aim to provide a clear picture of how well India’s new governance rules are helping to combat fraud and what improvements might be necessary.
Keywords :
Corporate governance, fraudulence, Indian scenario, detection and prevention of frauds, challenges.
