Mazars at the Business Today CFO Awards - Mazars - India

Mazars’ Corporate Governance publication released at the CFO Awards by the Honourable Finance Minister Mr. Pranab Mukherjee.

New Delhi, July 2011

For the second year now, Mazars have supported Business Today in recognizing the best CFOs in the country - the ones who most succeeded in finding the balance between company growth and meeting shareholder expectations, while keeping input costs down during the difficult financial year of 2009/10.

The winners were announced at an event held on July 5, 2011 in New Delhi. Finance Minister Mr. Pranab Mukherjee was the chief guest of the function and Planning Commission Deputy Chairman, Mr. Montek Singh Ahluwalia was the guest of honour.

Speaking at the event, Union Finance Minister Pranab Mukherjee called for systemic reforms to curb corruption and assured that the government was committed to rooting out the malaise.

The Honourable Finance Minister – Mr. Pranab Mukherjee released a Mazars publication on the important subject matter of Corporate Governance – “Governance Matters” – during the event. In this publication, Mazars has identified and analysed several successful governance practices across the globe, which are pertinent to the current scenario. The publication focuses on how different countries are dealing with their corporate governance problems, while short-listing those practices that are driven by aspects, which are voluntary, consensus oriented, accountable, transparent, responsive and equitable. In this publication we also find benchmarks that are being used to develop a culture of values for professional and ethical behaviour on which well functioning markets depend.

Speaking at the event, Mr. Monish Chatrath, Mazars Partner, said “It appears that the Indian corporate sector is now becoming more vocal in its concerns for a change in the moral and ethical framework within which business decisions are taken”.