Corporate Governance in the Digital Age: Combating Financial Irregularities and Ensuring Accountability within Companies

Author(s)	Dr. Thirumamagal Krishnaswamy
Country	India
Abstract	There are over one million companies in the country, entrusted with managing vast societal and public resources. They are key drivers of economic growth. Therefore, it is crucial that their operations are conducted in a way that ensures their long-term existence, allowing them to continue contributing to the prosperity of both society and the economy, while balancing the interests of various stakeholders. However, we continue to encounter various scams resulting from financial irregularities, starting with the Enron scandal in 2001. Despite the enforcement of stringent laws, companies still exploit various loopholes to misappropriate funds, leading to significant repercussions for investors. This paper focuses on the various scandals and their impact on corporate governance practices and also it emphasizes the directives and steps that need to be taken by the government, as well as the actions that could have been taken by the board of directors of a company to avoid such issues. It also highlights the norms that should be followed by the board of directors and the necessary steps to ensure compliance and accountability.
Keywords	Corporate Governance, Corporate Scandals, Financial Irregularities, Corporate Fraud
Published In	Volume 8, Issue 4, July-August 2026
Published On	2026-07-06

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