AN EMPIRICAL REVIEW OF CORPORATE GOVERNANCE AND DISCLOSURE PRACTICES IN SELECTED COMPANIES WITHIN THE ENERGY SECTOR LISTED IN THE NIFTY ENERGY INDEX

Abstract

Just a few days the practice of Corporate Governance transparency plays a key role in implementing new corporate ethics and legislation in the economic and business sectors. Corporate governance builds equity, openness, accountability to shareholders and therefore improves the firm's reputation. This study is focused on the review of the problem described in the Nifty Index (GAIL, ONGC and NTPC) relating to corporate governance in the Indian Corporate Energy field. For the study researcher's intent, prepare the index based on the mandatory and non-compulsory regulations issued by SEBI 2015 and Companies Act 2013. Through using the Index study, the Corporate Governance Disclosure practices can be contrasted between the companies analysed in the energy sector. Annual reports for the financial year 2018-2019 have been considered for the analysis purpose. Nearly all companies reveal their all corporate governance parameters but GAIL scored the highest score among other companies. SEBI establishes strict day-to-day Corporate Governance system to prevent frauds and scams.