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India's Companies Act Of 2013: A Governance Shift Into The Sunlight, Sarah C. Alvy 2015 California Western School of Law

India's Companies Act Of 2013: A Governance Shift Into The Sunlight, Sarah C. Alvy

Sarah C Alvy

Recently enacted, the Companies Act of 2013 overhauls India’s corporate governance framework and has left the country anticipating whether implementation of the Act will be successful in attaining its policy objectives. This Article examines and critiques three provisions of the Act, including mandatory female board directorship, corporate social responsibility, and auditor rotation. The Article uses global business case studies to argue, from a managerial perspective, that each provision will enhance corporate governance and oversight, resulting in a more efficient Indian capital market. Also, the Article comments on how the U.S. could emulate India in adopting a regulation designed ...


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