Business Today: Keeping Companies Above Board
Posted
19 October, 2017
The recent report of the Securities and Exchange Board of India (SEBI) -appointed Uday Kotak Committee, alongside the two high-profile corporate battles of the past year – Ratan Tata versus Cyrus Mistry at Tata Sons in late 2016 and N.R. Narayana Murthy versus Vishal Sikka at Infosys in mid-2017 – have turned the spotlight squarely on corporate governance and, in particular, the performance of company boards. There is no doubt that there exists much more transparency and stakeholder democracy in companies now than before, thanks mainly to the new Companies Act of 2013 as well as earlier rules set by SEBI in recent years.