Indian financial markets are among the most heavily regulated markets in the world. However, India cannot claim to have a healthy regulatory compliance record. As financial disclosure norms become more sophisticated and the implementation mechanism is upgraded, companies operating in India that are slow in adapting to these changes will soon have to face regulators in tribunals and courts.
It is time that companies realize the importance of corporate governance and see it as a mechanism to better manage their operations and improve statutory compliance records.
Fair trading
Corporate governance in India is based on the UK’s Cadbury Committee Report, 1992, and the Sarbanes Oxley Act, 2002, of the US. The Securities and Exchange Board of India (SEBI) has been proactive in ensuring that India keeps pace with global corporate governance standards. SEBI is in bilateral talks with the Organization for Economic Co-operation and Development (OECD) to keep Indian norms on par with those in advanced nations.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Shardul Thacker is a partner at Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.
Mulla House
51, Mahatma Gandhi Road, Flora Fountain
Mumbai 400 001, INDIA
Tel: +91 22 2262 3191 / +91 22 6634 5496
Fax: +91 22 6634 5497
Email: shardul.thacker@mullaandmulla.com
