CORPORATE GOVERNANCE DISCLOSURE PRACTICES: A STUDY OF SELECTED STEEL COMPANIES IN INDIA

Corporate Governance is the system by which companies are directed and controlled. The study covers three Indian Steel Companies and the three selected Indian steel companies are Tata Steel, SAIL (Steel Authority of India Limited) and JSW Steel. Top three large companies included in BSE SENSEX are selected on the basis of their market capitalization. The study is based entirely on secondary data. The research has been undertaken to assess the Corporate Governance Disclosure Practices among three Indian Steel Companies listed in BSE SENSEX for the financial year 2017-18. To evaluate how much these companies are following governance standard, 18 parameters with their sub-parameter are considered and standard have been selected on a sixty (60) points. Each point is represented by 1 for disclosure and 0 non-disclosures. After determining total scores on the parameters, companies are graded on a five-point scale and out of five scaling points, JSW steel company has excellent corporate governance disclosure practices other than two companies.

 

KEYWORDS: Corporate Governance, Independent Director, SENSEX, SAIL, Five-Point Scale.


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