Business Ethics and Corporate Governance, Second Edition

THE FUTURE OF CORPORATE GOVERNANCE IN INDIA

Although India has a long way to go to be ranked among the best in the world in corporate governance, the driver is exactly right. A large number of CEOs now realize that their companies need financial and human capital in order to grow to scales necessary to survive international competition. They also understand that such capital will not be available in a non-transparent corporate regime that is bereft of international quality of disclosures and accountability. It is precisely this realisation which is driving the corporate governance movement in India and which, has greater chances of delivering substance rather than ticking mandated governance checklists.

It is important to note that there are ...