For Many Years, Governance in India Meant Regulatory Compliance For several decades, corporate governance in India was mainly viewed as a legal duty. When disclosures were submitted, board committees formed and independent directors appointed according to law, organisations were considered properly governed. Governance was equal to following rules — Companies Act provisions, listing norms and formal procedures. That period was important. It introduced structure, accountabilit

Corporate governance is built on three essential pillars: accountability, transparency, and effective oversight . At the heart of these pillars lies a critical yet often underemphasized element— strong and continuous communication between statutory auditors and those charged with governance , particularly the Board of Directors and the Audit Committee . When this communication is clear, timely, and structured, it strengthens the integrity of financial reporting and enhances s