Corporate Governance Disclosure Practises Under the Companies Act 2013: A Study of Select Automobile Companies in India

Disclosure, in the context of corporate reporting refers to making information and facts available to stakeholders so as to enable them to arrive at a decision. The Companies Act 2013 was a landmark legislation which set forth various disclosure requirements for companies in order to enhance their corporate governance reporting and fixing accountability to stakeholders. This paper aims at evaluating the corporate governance disclosure practises of select automobile sector companies vis-a-vis the requirements of the Companies Act 2013. Study has been done to analyse certain factors which affect the disclosure practises of the companies. The methodology includes arriving at scores for different disclosure criteria for a period of 5 years post implementation of the Companies Act 2013 and correlating them to certain factors. The paper concludes that there is still substantial scope for improvement in disclosure of corporate governance practises even post 5 years of implementation of the Companies Act 2013.