Disclosure Practices of Corporate Sector

In the late 1980s, corporate sector in a number of countries was beset with problems of questionable accounting practices. India also had its share of scams, scandals and flagrant violations of law under the veil of corporate impenetrability. Stock market scam, the CRB scam, Bofors scam, Urea scam and UTI scam are some of the examples. Quality of governance is influenced by integrity of the management and the need to carry on operational activities in a transparent manner by proper and adequate disclosure of financial and non-financial data (corporate disclosure) through Annual Reports and other documents. This book is all about corporate disclosures in the backdrop of growing business malpractices and loss of faith in the company form of business organisation by the investors, particularly small investors.