Fernando, A. T.Dissanayake, D. H. S. W.Deshika, N. P. T.2025-09-222021Fernando, A. T., Dissanayake, D. H. S. W., & Deshika, N. P. T. (2021). Employees' Perceptions on Corporate Governance: Empirical Evidence from Sri Lanka. International Journal of Accountancy, 1(2), 46-65.http://repository.kln.ac.lk/handle/123456789/29998In this study, the primary objective is to investigate employees' perceptions toward the corporate governance practices of Sri Lankan publicly traded companies. The objectives are based on the research problem and emerge through various aspects of corporate governance; components, performance implications, significant issues related to Directors, major issues affected for the company's well-being, and the current status in Sri Lankan Corporate Governance. The quantitative research approach is adopted, and primary data is gathered using a questionnaire survey with a sample of 100 respondents. The questionnaire is addressed to employees in the companies listed in the Colombo Stock Exchange, where the sample was constructed out of the top 50 companies of the highest market capitalization. The analysis is done through a validity using factor analysis and reliability test followed by an analysis of variance (ANOVA) test and chi-square analysis. The results show that employees' perceptions of corporate governance factors differ concerning the changes in the demographical factors. The results generated through this study can be beneficial for employees, managers, practitioners, and students in developing a better understanding of employee perceptions and the concept of corporate governance. Furthermore, this research constructs a scale for measuring employee perceptions of corporate governance, which has significant theoretical and practical implications.Employee PerceptionsCorporate GovernanceStakeholder theoryArticle