Pointing out that corruption was high in India, it was observed that even as India had made its place in the global arena, the country’s growth would be affected if corruption was not controlled.
Stressing on the need for transparent and accountable management, experts observed that despite the Satyam fiasco, boards in India continue to remain ritualistic with no effort to involve independent directors.
World Council for Corporate Governance President Madhav Mehra said “Good corporate governance is the key to corporate growth. Companies with good governance also receive better credit ratings, interest rates, supplier terms and better talent.”
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