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| Article Name : | | | ADHERENCE OF CORPORATE GOVERNANCE POLICIES WITH A SPECIAL REFERENCE TO CLAUSE 49 OF THE LISTING AGREEMENT: A CASE STUDY OF INDIAN OIL CORPORATION LTD | | Author Name : | | | Gnyana Ranjan Bal , Arun Vadyak | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-4448 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | Due to many scams in financial world (WorldCom, Enron, Satyam Computers etc.) the regulatory body thoughts to implement an ethical code of conduct by which all the companies will be regulated. After getting reports of many studies and reports (Sarbanes-Oxley, Cadbury report, OECD policies etc.) the policy of Corporate Governance was framed in different countries. The basic purpose of all Corporate Governance policies is to make the corporates accountable and compel them to act ethically. Clause 49 of the listing agreement deals with policies of Corporate Governance in India. This provides guidelines regarding control of various internal and external affairs while ensuring transparency and fairness in reporting. The present paper discusses the conceptual framework of Corporate Governance in India. Also our study highlights the important points of various mandatory and non-mandatory requirements of clause 49 of the listing agreement. To assess the adherence of this Clause 49 we have taken the case study of IOCL. The report on Corporate Governance of Indian Oil Corporation has been analyzed for the same. | | Keywords : | | |
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