Unleashing the power of India's Corporate Boards
Corporate Governance Journal of World Council of Corporate Governance,Vol 1, 2003

The application of ideas and practice of corporate governance in India has depended largely on the initiatives of individual companies and institutional inverstors.

Although companies such as Infosys have pioneered higher reporting standards and shows growing willingness to try out US GAAP many companies still remain translucent in their reporting.

If there is one lesson to be learnt from the high profile corporate failure of ENRON, Worldcom, Marconi et al, it is we must move away from the western model of a box ticking approach to corporate governance.

Independence of directors is a truly complex subject. Most of us would hesitate to raise awkward questions in a board meeting when we have to go the same CEO to collect the remuration cheque.