Indian Corporates Capture Berths in Global ESG Assessment – Cases of Select Indian Companies

Abstract

Corporate governance has witnessed metamorphosis over a period of time. Its vastness like an ocean has encompassed various critical developments that have occurred at different periods in the corporate world to safeguard stakeholders' interests. Various events such as financial fiascos or scams, business failures due to lack of accuracy in the prognosis of future changes in the legal, economic and business environment, top leadership’s lackadaisical approach towards the concerns of external and internal stakeholders, Lack of perspicacity in assessing business failures post mergers and acquisitions, inability to assess the magnitude of various forms of risks, especially the systemic risks in VUCA world (V-Volatility, U-Uncertainty, C-Complexity and so on have created tremors among the stakeholders, especially the investors who invest their funds through various investment routes like equity, debt, derivatives etc.