Business Ethics and Corporate Governance, Second Edition

INDIAN COMPANIES COMMITTED TO BEST GLOBAL PRACTICES⁶

According to Stephen Wagner, Indian companies are increasingly putting in place best global practices. At the same time, they have to resort to regular evaluation at all levels with a view to sustaining good corporate governance. ‘Corporate governance has evolved enormously in India and many big companies in the country are committed to embrace global best practices for their business,’ observed Stephen Wagner, Chairman Emeritus of global consultancy Deloitte’s Global Centre for Corporate Governance. ‘Good governance at companies usually translates into good financial numbers while just having good names on the (firms’) board need not ensure the same.’

In India, the issue of corporate governance ...