CORPORATE GOVERNANCE PRACTICES DURING COVID-19

Abstract

The novel coronavirus (COVID-19) that emerged in December 2019 did not only cause health problem to people but also disrupted the entire global economic condition. COVID-19 is one of the most prominent issues in the 21st century. The COVID-19 pandemic has brought unusual challenges to corporates and their boards. COVID-19 raised the sphere of corporate governance practices. All listed companies look for effective and qualitative corporate governance practices by conscientiously integrating transparency, accountability, responsibility, and control. Distancing, travel restrictions, forbidding events for controlling the spread of COVID-19 have had bad impacts on economic conditions in the world. The crises occurred in corporates as well. The corporates where at risk in the time of pandemic, and it raised serious apprehension to corporate governance practices. The objective of this study is to assess the effect of corporate governance practices during COVID-19 and provide insight regarding the opportunities and challenges faced by corporates during the COVID-19 pandemic.