REGULATORY FRAMEWORK AND CORPORATE ACCOUNTABILITY IN CORPORATE GOVERNANCE

AUTHOR – AISHWARYA VERMA* & DR. EKTA GUPTA**

* STUDENT AT AMITY LAW SCHOOL, AMITY UNIVERSITY, NOIDA

** ASSOCIATE PROFESSOR AT AMITY LAW SCHOOL, AMITY UNIVERSITY, NOIDA

BEST CITATION – AISHWARYA VERMA & DR. EKTA GUPTA, REGULATORY FRAMEWORK ANDCORPORATE ACCOUNTABILITY IN CORPORATE GOVERNANCE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 6 (8) OF 2026, PG. 348-353, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

The paper critically examines the regulatory regime of corporate governance in India, particularly scrutinizing its contribution to enhance corporate accountability and protect the rights of stakeholders. It examines the dynamics of compliance and governance going beyond compliance, involving social responsibility, environmental protection, and digital rights, through statutory provisions, regulatory oversight by the Securities and Exchange Board of India (SEBI) and judicial review. A range of doctrinal and procedural changes have been discussed, such as stakeholder engagement and innovations in the procedure, while important judicial decisions have reinforced transparency and ethical corporate behavior. The paper not only focuses on how the corporation can be instrumentally transformed to serve an inclusive and responsible development agenda, but also addresses concerns about the potential of regulatory overreach, and the need to maintain institutional balance. Landmark court decisions have really boosted transparency and pushed for better ethical behavior in companies. That part stands out because it shows how law can change business practices. The whole thing has potential to make development more inclusive and responsible. But there are worries about regulators going too far and messing up the balance between different institutions. I am not totally sure how to fix that yet.