In India, the challenges around corporate governance have been debated for a long time now. In their own ways, both promoters and regulators have made efforts to push good corporate governance to bring the right level of transparency into the system. Good corporate governance in the changing business environment will always serve as a powerful tool for competitiveness and sustainability.
In terms of norms, guidelines and standards set for the board of directors, financial and non-financial disclosures and information to be shared by the management to stakeholders and the wider public, Indian corporate governance standards have evolved and rank among the best in the world. However, the enhanced corporate governance framework has also added to the regulatory burden on companies.
This report captures the findings of a survey we conducted in association with CII on corporate governance practices in companies, regulatory requirements and the future of corporate governance.