Business Ethics and Corporate Governance, Second Edition

THE CONFEDERATION OF INDIAN INDUSTRY’s INITIATIVE

In 1996, the Confederation of Indian Industry (CII) took a special initiative on corporate governance, the first ever institutional initiative in Indian industry. This initiative by the CII flowed from public concerns regarding the protection of investors’ interest, especially of the small investor; the promotion of transparency within business and industry; the need to move towards international standards in terms of disclosure of information by the corporate sector and, through all of this, to develop a high level of public confidence in business and industry. The objective of the effort was to develop and promote a code of corporate governance to be adopted and followed by Indian companies, ...