A Comparative Study on Corporate Governance Practices in Public and Private Companies in India

Abstract

An efficient, effective and futuristic corporate governance is considered the hallmark of sound business management. Corporate governance encompasses the internal and external dynamics of controlling and directing business. The purpose of this study is to compare public and private sector levels of corporate governance as per clause 49 with disclosure in financial reporting by size, profitability, the extent of international operations and nature of the industry. The main findings are that there is no difference between public and private sector mandatory corporate governance disclosure based on return on equity, return on assets, and nature of industry while a difference exists between public and private sector on the basis of size and extent of international operations.