“Corporate governance is the totality of the institutional and organizational mechanisms, and the corresponding decision-making, intervention and control rights, which serve to resolve conflicts of interest between the various groups which have a stake in a firm and which, either in isolation or in their interaction, determine how important decisions are taken in a firm, and ultimately also determine which decisions are taken”. Investigation of corporate governance in a developing country such as India is important. Strong performance of the Stock Market has attracted local and foreign investors, which has resulted in increased interest in good corporate governance, providing improved access to sources of capital and resulting in the economic development of the country even in a volatile environment. Board structure can make a substantial contribution to corporate governance resulting in effective reporting practices through the concept and goal of sustainable development, which will increase the value of firms. Therefore this study will provide a new perspective in studying the relationship between corporate governance practices of board structure, corporate reporting and firm performance.