Corporate governance incorporates the framework of ethical and legislative decision-making approaches within the management, which empowers the relationship between the firm and its stakeholders. The affiliation between economic enactment and management and governance of the enterprises has helped attract external stakeholders to the business. This research aims to assay the effect of corporate governance parameters on the accomplishment of the sampled enterprises. The study has used a sample of S&P CNX Nifty 50 Index enterprises, excluding banking and financial services enterprises, during the period of FY2012–2013 to FY2018–2019. Panel linear model regression with pooled ordinary least squares (OLS) test has been used to analyze the data. Results show that there is a link between and impact of board parameters such as board size and audit committee (AC) independence on the market and financial outcomes of the enterprise’s proxies by return on net worth (RONW), return on capital employed (ROCE), return on assets (ROA), and Tobin’s Q.