Author(s): Pratibha Hooda

Abstract: This study explores the impact of legal reforms and judicial precedents on the regulation of corporate fraud, emphasizing their combined role in enhancing transparency, accountability, and enforcement effectiveness. By conducting a qualitative analysis of key legislative frameworks and landmark court rulings across multiple jurisdictions, the research highlights how statutory reforms and judicial interpretation shape corporate governance and fraud deterrence. Findings reveal that while legal reforms such as the Sarbanes-Oxley Act and Companies Act have strengthened regulatory frameworks, their success depends largely on robust enforcement and proactive judiciary. Judicial precedents have expanded the scope of corporate liability and reinforced protections for whistleblowers, thereby enhancing fraud detection and punishment. However, emerging challenges, including technological advancements and globalization, necessitate continuous adaptation of laws and judicial strategies. The study concludes that a holistic approach-integrating legal reforms, judicial oversight, and strong corporate governance-is essential for effective corporate fraud regulation and sustainable economic development.

Pages: 218-226 | Views: 1298 | Downloads: 861

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