Author(s) :

Swati Tejawat, Sudip Chakraborty, Nikhil Bhushan Dey.

Volume/Issue :

Abstract :

Disclosure simply means to reveal facts and information. In the context of corporate reporting, it refers to making information and facts available to stakeholders so as to enable them to arrive at a decision. The Companies Act 2013 was a landmark legislation which set forth various disclosure requirements for companies in order to enhance their corporate governance reporting and fixing accountability to stakeholders. This paper aims at evaluating the corporate governance disclosure practises of select construction sector companies as against the disclosure requirements of the Companies Act 2013. The study has been done to analyze certain factors which affect the disclosure practises of the companies. The methodology includes arriving at scores for different disclosure criteria for a period of 5 years post-implementation of the Companies Act 2013 and correlating them to certain factors. Intra Sector analysis amongst the selected companies was also done using descriptive statistics and correlation. This finds the disclosure score for the selected companies and trend over the last five years post-implementation of the Companies Act 2013. Factors affecting the disclosure practises of select companies identified.

No. of Downloads :

5

KEYWORDS:

Corporate Governance, Companies Act 2013, Disclosure, Construction Sector

INTRODUCTION & OBJECTIVES:

Corporate governance is to a large extent, a set of mechanisms through which outsider investors protect themselves from expropriation by insiders (Rafael, Florencio, Shelifer, & Vishny, 2000). The subject of Corporate Governance garnered global attention from relative obscurity after a string of collapses of high profile companies worldwide. Making sure that the management actually acts on behalf of the shareholders and pass on the profits to them are the key issues in corporate governance. When the literature of CG was reviewed, a need was felt to analyze the extent of Corporate Governance Disclosure Practises (CGDP) of select Listed Companies sectorwise. This paper attempts to study the extent of CGDP of select Construction Sector Companies listed on BSE. OBJECTIVES OF THE STUDY 1. To study the need of Corporate Governance in the Construction Sector in India 2. To study the Corporate Governance Disclosure Practices of select listed companies of the construction sector under the Companies Act 2013 3. To study certain factors affecting the Corporate Governance disclosure practices of select companies

DOI:

https://doi.org/10.58426/cgi.v2.i1.2020.71-93