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This article offers a focused and complex interpretation of the Indian experience by comparing and contrasting the implications of various government regulatory changes in the Corporate Governance and Industrial Relations. The corporate Governance and Industrial Relations are interrelated and they go together in making an effective Organisation. The principal role of Industrial relations is the harmonization and reconciliation of conflicting interests. The corporate governance is a multi faceted subject. It is the set of processes, customs, policies and institutions through which the corporate are directed, administered or controlled. An important theme of the Corporate Governance and Industrial Relations are to ensure the accountability of certain individuals in an organization and foster the sustainable growth of the corporate sector.
The guidelines of Indian Corporate Governance are comprehensive. These cover Board member criteria and directors', lead directors' responsibilities, management succession planning, selection and evaluation of CEO, CFO, director's compensation, assessment of board performance and more. This article also focuses on other internal aspects such as the interactions of industrial relations and the corporate governance of which has a direct bearing on the performance of the Board as a whole, who are ultimately answerable to the share holders and the stake holders.(This paper is based on the Ph.D. thesis under preparation by the Author)