National Resurgence through Corporate Governance
September, Quality Times, 2001

‘The corporations of today are no longer sheer economic entities. These are the engines of economic & social transformation. This calls for paradigmic change in the role of corporate directors. They are no longer required to be passive, pleasant and pliant. They need to be radicals and revolutionaries constantly spurring their companies towards creating new competitive spaces through a spiral staircase of innovations. The gap between what can be imagined and what can be achieved has never been smaller, Says Dr Madhav Mehra.

Why Corporate Governance?
Have you wondered why, India despite its size, democratic institutions, free market, open legal framework and wide use of world’s most commonly spoken language receives one of the lowest foreign direct investment? China with only slightly bigger size receives 20 times our FDI and even small countries such as Poland and Malaysia receive an FDI of just under $5 billion a year each as compared to our FDI of $2 billion a year? Quite clearly overseas investors have little confidence in our corporations and stock markets. With the globalization of market place it is natural for the capital to flow the path to those countries, which have better practices in corporate governance.