Vol. 1, Issue 7, Part F (2015)

Abstract
Whether we take perception of Business or Management education, in both contexts, Corporate Governance has emerged as an important topic for research and practice due to its necessities regarding the effective governance of corporate. The main purpose of this paper is to examine the role & impact of the Corporate Governance practices in MNC’s growth & contribution toward Indian economy. Consequently this research will also help us to highlight the current scenario of Corporate Governance practices in India. After the adoption of new economic policy, Globalization have put many companies to trade globally which has consecutively populated the stakeholders and now there is an emergence to implement good corporate system so as to sustain their business fairly and ethically on a long term and safeguard the interest and have faith of their stakeholders without any geographical barrier. With the growing number of trading globally there is an emergence to frame a benchmark in context to corporate governance to be laid so as to keep thing equal for agreeing MNCs. At the same time the corporate governance convergence is equally indispensable to maintain due to the MNCs belonging to different countries.