Monish Chatrath speaks out on corporate governance practices

The spotlight of corporate practices in India is firmly on key aspects of the governance framework. With particular emphasis on the audit and finance functions which have a legal, moral and ethical responsibility to identify and disclose aspects of a promoter driven agenda that have the potential to impact the interests of other stakeholders adversely. The challenge for policymakers in India is to reach an appropriate balance between legislative and regulatory reform, taking into consideration international best practices that augur well with the growth climate in India, while also fostering greater enterprise and enhancing competitiveness in a manner that can stimulate further investments.