Corporate Governance:A Case Study of Business Responsibilty Reporting in Indian Banks

Abstract

Corporate Governance is a set of rules, regulations, processes, disclosures and guidelines that is put in place by the regulator for the smooth functioning of a business enterprise. The area of corporate governance is gaining tremendous importance in recent times. Managers are recognizing the importance of corporate governance in overall sustainability of the business. Every enterprise has to keep in mind the financial, social and economic implications of business. In this regard, the regulator- financial market regulator SEBI- has made it mandatory for companies to update Business Responsibility report on their websites. The reporting requirement is in line with the 'National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)' notified by Ministry of Corporate Affairs, Government of India, in July, 2011. The present study is a case based research on select listed banks that have come out with their BRR after the ruling by the regulator. The study is based on the secondary published data extracted from the annual reports and websites of the companies. The study evaluates the impact of Business Responsibility Reporting on the performance of Indian Banks.