Corporate Governance brings about equilibrium between the expectations of the owners, employees, customers and all other stakeholders and it extends beyond corporate law. Its fundamental objective is not mere fulfillment of the requirement of the law but to ensure commitment of the Board in managing the company in a transparent manner for maximizing shareholder value. Non – compliance of the Corporate Governance Code results into heavy Penalties, punishment and loss of repudiation which may spoil the image and may affect the financial performance and valuation of the firm. In view of the above, the present study wants to find out the effect of compliance of Corporate Governance Code on the Financial Performance of the Selected Listed Companies of India. With a view to examining improvement in compliance of corporate governance in sample listed companies a quality check model has been developed. For this purpose, data related to the various indicators defining the corporate governance compliances have been taken into consideration in quality check model and score have been assigned to this indicators based on their relevance. In order to find the impact of corporate governance on financial performance of sample listed companies corporate governance score and indicators of financial performances i.e. Net Profit, Earnings before Interest, Tax, Depreciation and adjustments (EBITDA), Earnings Per Share (EPS), Net Worth and Market Value have been tested.
Corporate Governance, Financial Performance
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