Corporate Governance: Frameworks, Models, Legal Developments And Contemporary Challenges
- IJLLR Journal
- 1 hour ago
- 1 min read
Rashi Sharma, Institute of law, Nirma university
ABSTRACT
Corporate governance constitutes the institutional and regulatory framework through which corporations are directed, controlled, and held accountable. It determines how power is distributed among shareholders, boards of directors, management, and other stakeholders, while simultaneously establishing mechanisms for oversight, transparency, and risk supervision. In the modern corporate landscape, governance is no longer confined to compliance; it is central to strategic sustainability, financial integrity, and long-term value creation. This paper examines the conceptual foundations of corporate governance, its structural components, global governance models, regulatory evolution, landmark judicial pronouncements, corporate failures, and emerging challenges including ESG integration and digital risk governance. The study underscores that effective corporate governance is indispensable for economic stability, investor confidence, and institutional legitimacy.
