The document discusses the history and development of corporate governance guidelines in India. It began with voluntary codes developed by industry groups like CII in the late 1990s. Regulators like SEBI then began introducing mandatory guidelines for listed companies regarding board structure, financial disclosures, related party transactions, and other areas. The guidelines aimed to increase transparency and accountability of companies following several corporate scandals. The document also discusses models of corporate governance and provides an example of a well-governed Indian company, Infosys.