Corporate governance succeeded in attracting a good deal of public interest (Pankaj Sharma, 2004) because of its apparent importance for the economic health of corporations and society in general. Different people have come up with different definitions that basically reflect their special interests in the field.

The Corporate Governance Index is practiced by various corporate organizations in India. This index is developed by the ICSI, New Delhi in its Chartered Secretary Journal. The first article was published in Chartered Secretary Journal July 2003 using various CG Parameters and related aspects like board and anagement structure, Board composition, Board Committees, Transparency, shareholders claim satisfaction, financial information and CSR etc. What types of corporations have disclosed more corporate governance information in the annual reports?

It is also helps in identifying the extent of disclosure levels by various organizations and measuring the size of corporations across major economic sectors