Comparative analysis evaluates changes in governance standards for listed companies, indicating improved compliance post-SEBI LODR implementation.
Corporate governance plays a crucial role in ensuring that publicly traded companies uphold accountability, transparency, and the trust of investors. To enhance corporate governance among companies listed on the stock exchange, the Securities and Exchange Board of India (SEBI) implemented the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). The corporate governance of Indian listed firms is compared in this study before and after the SEBI LODR requirements were put into place. Key governance factors like as board composition, independent directorship, financial disclosures, shareholder rights, and compliance procedures are all assessed in the study. The study evaluates the effect of SEBI LODR on investor trust, firm performance, and corporate governance effectiveness by examining financial and governance data from a sample of listed companies. Although there are still issues with corporate compliance culture and regulatory enforcement, the results show notable advancements in governance standards since 2015. The report offers insights for investors, regulators, and business executives while also adding to the current conversation on governance improvements in emerging markets.
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Rani et al. (2025) studied this question.