The essence of good corporate governance is a framework which ensures effective accountability of management towards all its stakeholders. The question of corporate governance in India has come mainly in the wake of economic liberalization, deregulation of industry and business as also the demand for a new corporate ethos and stricter compliance with the legislation. The main objective of the book is to critically examine the governance system prevailing in the Indian corporate sector in light of the notable international practices with a view to suggesting ways and means for its improvement to serve the needs of the stakeholders within the regulatory framework in a best possible manner. This book is intended for the suitable for the students of commerce, law and management.