Indian Corporate Governance with Relation to Sarbanes Oxley (SOX) Act: Proposing Business Intelligence (BI) and Blockchain as an Integrated Key Strategy
Kuldeep Singh, Madhvendra Misra, Jitendra Yadav · WORLD SCIENTIFIC eBooks · 2022
Among all business disciplines, corporate governance falls under the most significant regulatory fields related to business organizations, in such a way that it affects overall productivity, growth, and even market survival. Owing to changing business conditions, stakeholders’ responsibilities, and the increasing demand for fair business practices, organizations currently focus on reversing traditional governance practices with new initiatives such as blockchain technology, and business intelligence (BI) governance. Internal stakeholders may have an influence on many organizational decisions in a microenvironment, such as compensation policy, recruitment policy, and dividend policy. For this purpose, the Securities and Exchange Committee of the United States has introduced the Sarbanes Oxley Law (SOX), while in India, the same law was introduced as “Clause 49, ” issued in line with corporate governance by the Securities and Exchange Board of India. In this study, we compare the Indian version of corporate governance with the U.S. SOX by proposing BI as an essential strategy powered through blockchain technology.