Sustainable Corporate Governance And Its Importance In India

Shahil Laskar, Amity University, Kolkata

ABSTRACT

In order to create long-term wealth while minimising adverse effects on society and the environment, a company's operations must be managed ethically and responsibly. This is known as sustainable corporate governance. As firms become more aware of the need to strike a balance between profitability and social and environmental responsibilities, sustainable corporate governance is taking on more significance in India.

Implementing sustainable corporate governance in India also faces a number of difficulties, including a lack of resources and knowledge, a lack of openness and accountability, and the requirement for cultural change within organisations.

In spite of these difficulties, effective corporate governance is turning out to be more and more important for Indian businesses to stay competitive and satisfy stakeholders. Companies can build long-term value while improving society and the environment by implementing sustainable corporate governance practises.