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Indian companies sprucing up their Boards
While the Indian economy stutters to recovery, the Indian companies are gearing up for the next wave of growth. Corporate Governance is fast emerging to be a focused
area, with Board rejigs leading the way. The companies fast understand the merits of having a strong Board with diversity, transparency and greater voice
of independent directors.
Usually subjects like Corporate Governance in India are frequently raked after scams
and scandals. The committees and commissions are instituted to investigate the
wrongdoings of the companies, followed by Board rejigs. More frequently, the
hullaballoo fails to sustain and fades into anonymity once the public memory
weakens. However, with the global investors entering the fray, the demand for
integrating global practices on corporate governance is fast rising. The rise of independent directors in corporate India’s boardrooms is one such potent
indicator.
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