A COMPARATIVE ANALYSIS OF CORPORATE GOVERNANCE DISCLOSURE PRACTICES: EVIDENCE FROM INDIAN AND GCC NATIONS
Ankit Ravinder Kumar
1.Research Scholar, School of Commerce, Gujarat University, 2.Professor, School of Commerce, Gujarat University
Abstract
This paper makes a cross-sectional comparison of corporate governance disclosure trends in India and the GCC (Gulf Cooperation Council) countries. Benchmarking measures which include board of directors’ responsibility, audit committee efficiency and transparency, the study encompasses varied growth trend based on region. Local practices of Indian firms are relatively higher than global counterparts due to structured regulatory environment and focus on conformance to the established rules and regulation as well as international standards. Still, Gulf countries companies present more variations in terms of board accountability that has to do with difference in regulatory environment due to differences in economic and culture. Nonetheless, both regions experienced stable audit practices, and this shows that both sides are equally serious about how the financial aspect of their enterprises is managed. This underlines the call for improved governance discloser to, appeal investment from international markets and improve stakeholder confidence. Thus, some suggestions for future research include longitudinal research that will focus on the dynamics of governance in the periods of time and investigations of the differences across the countries of the wider emerging markets. This research provides lessons that the policymakers, investors and corporate leaders should consider while enhancing governance standards of firms to be in parity with the best international practices.
Keywords: Corporate governance, disclosure practices, transparency, board accountability, audit committee, emerging markets, India, GCC, regulatory frameworks, stakeholder trust
Journal Name :
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EPRA International Journal of Multidisciplinary Research (IJMR)
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Published on : 2024-11-14
Vol | : | 10 |
Issue | : | 11 |
Month | : | November |
Year | : | 2024 |