CORPORATE GOVERNANCE: NEED, BENFITS AND ITS THEORIES

AUTHOR: SHRADDHA MAURYA* & DR. KUNVAR DUSHYANT SINGH**

* STUDENT AT AMITY LAW SCHOOL, AUUP, LUCKNOW

* ASSISTANT PROFESSOR AT AMITY LAW SCHOOL, AUUP, LUCKNOW

BEST CITATION – SHRADDHA MAURYA & DR. KUNVAR DUSHYANT SINGH, CORPORATE GOVERNANCE: NEED, BENFITS AND ITS THEORIES, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (7) OF 2025, PG. 338-342, APIS – 3920 – 0001 & ISSN – 2583-2344

ABSTRACT

The corporate governance concept is a well known in modern times due to the dependency on them of the society. As the profit generation is the core objective of any business, their effect on the other aspects and stakeholders continues to be of greater importance as any negative effect can be consequential for many. This is why, in the current times, with political implications, corporate frauds and so on, there’s a greater need of corporate governance. Due to the increasing relevancy of the concept, the topic was studied effectively by many leading to development of what is considered to be inclusive of the concept and what not. This is where the theories originated, which determine as to what aspect, relation or mindset needs to be placed for effective governance. Although different theories focus on different aspects, they’re to be understood in a broader and inter-connected manner for execution of effective governance that benefits all.

Keywords: Corporate Social Responsibility, Corporate Governance