The size and composition of a company's board of directors can impact how well the company is governed and how transparent it is in its practices. A study looked at firms listed on the Bombay Stock Exchange to see how board characteristics affect corporate governance and disclosure. They found that the number of directors on a board and the types of directors it has can influence how well the board functions and how open the company is about its operations. This shows that the makeup of a board can play a big role in how a company is run and how it communicates with its shareholders.