Disclosure of Corporate Governance Practices in Annual Reports - A Comparative Study of INFOSYS and TCS

Authors

  • Manish B. Raval
  • Ashish B. Gorvadiya

DOI:

https://doi.org/10.33516/rb.v42i3.97-103p

Keywords:

Corporate Governance, Investors, Board of Directors, Disclosures, Parameters.

Abstract

There have been several measures of corporate governance launched in India since 1990s. The first of this kind was brought by Confederation of Indian Industry (CII). It is India's largest industry and business association which came with the first voluntary code of corporate governance in 1998. If the company maintains good governance, it can infuse the sense of confidence in the investors. Good corporate governance is aimed at creating the properly structured Board of Directors that is capable of taking independent decisions for the best of the company. In this article, the researchers have tried to analyse the disclosures made by INFOSYS and TCS in their annual reports. Here, the researchers have taken 17 parameters for the evaluation of compliance with provisions of Corporate Governance. For this purpose, the researchers have adopted a method of giving scores for the compliance with the provisions. On the basis of these 17 parameters, the researchers have analysed the status of corporate governance in INFOSYS and TCS.

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Published

2016-10-01

How to Cite

Raval, M. B., & Gorvadiya, A. B. (2016). Disclosure of Corporate Governance Practices in Annual Reports - A Comparative Study of INFOSYS and TCS. Research Bulletin, 42(3), 97–103. https://doi.org/10.33516/rb.v42i3.97-103p

Issue

Volume 42, Issue 3, October 2016

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

References

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www.infosys.com

www.tcs.com

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K. Keasey, S. Thompson and M. Wright (1997), ‘Introduction: The corporate governance problem - competing diagnoses and solutions,’ In K. Keasey, S. Thompson and M. Wright, Corporate Governance: Economic, Management, and Financial Issues. Oxford University Press: Oxford.

F. Mayer (1997), ‘Corporate governance, competition, and performance’, In Enterprise and Community: New Directions in Corporate Governance, S. Deakin and A. Hughes (Eds), Blackwell Publishers: Oxford.

http:/www.bseindia.com/static/about/CorporateGovernanceScorecard.aspx?expandable=1

Developing Corporate Governance Codes of Best Practice can be found here: hp://www.ifc.org/wps/wcm/ connect/topics_ext_content/ ifc_external_corporate_ site/global+corporate+governance+forum/publications/ toolkits+and+manuals/toolkit2_codes_of_best_practice.

Standard & Poor’s Corporate Governance Scores (2002), Standard & Poor’s Governance Services, McGraw-Hill Companies Inc.

www.infosys.com

www.tcs.com