Mains Answer Writing - 23 Sept, 2026

GS3

Economy

15 marks

Why is good corporate governance important for companies in India? Discuss the major challenges in ensuring effective board governance.

Distinguish ownership and management from the board’s independent fiduciary responsibility towards the company.
The Companies Act, 2013 and SEBI’s LODR framework are key pillars of corporate governance in India.
Do not make the answer about the Tata controversy; use it only as an example of broader board-governance challenges.

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