ABSTRACT
Corporate governance (CG) ensures transparency, accountability and protection of interests of different stakeholders. Paper studies the extent of adoption of CG norms in Indian tourism and hospitality industry between 2009–2016 by developing CG index. The study finds that there are standard CG practices and the differential nature of tourism are not factored in CG norms. The overall compliance of norms has increased overtime though variations can be seen among subcategories. Amendments in 2014 provided a comprehensive system and is identified as the main force for compliance. The compliance is more for mandatory norms and the international firms had better compliance than national firms. The CG index developed can be used in other studies for strengthening and to propel the growth.
