India Inc improves corporate governance standards: IFC report

Key findings from IFC's second year of rating the country's companies

Published: Feb 21, 2018

Over a decade in financial journalism, I have specialized in covering news that matters to India Inc. and its stakeholders, including developments at India's largest corporations and and MNCs. The subject of my writing has been analysis of strategy, financial performance, M&A and fundraising activity, consumption behaviour and emerging trends in management and leadership. Industry verticals that I have written on include oil & gas, power, infra, metals & mining, auto, telecom, FMCG & retail, and start-ups. I also play the role of an editorial lead for proprietary events like the Forbes India Leadership Award and the Forbes India CEO Dialogues. An alumnus of Asian College of Journalism, Chennai and Jadavpur University, Kolkata, I have worked for publications such as Mint, The Financial Express and The Indian Express before this.

g_103697_stock_market_280x210.jpgIllustrations & infographics: Sameer Pawar
 
The Indian economy is expected to become the fastest growing major economy in the world in 2018 and the interest that Indian businesses is generating among foreign investors shows no signs of abating. However, while willing to commit growth capital to Indian businesses, a key measure of performance that global investors are factoring in is the standard of corporate governance. Increased scrutiny by regulators such as the Reserve Bank of India, and Securities and Exchange Board of India (Sebi), and increased vigilance by minority and institutional shareholders have also led Indian companies to improve their corporate governance standards.

The annual Indian Corporate Governance Scorecard by the International Finance Corporation, BSE, and Institutional Investor Advisory Services for 2017 highlights corporate governance standards among top Indian companies (BSE 100). Here are its key findings:

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(This story appears in the 02 March, 2018 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

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