Study on corporate governance released

Corporate Affairs Minister Veerappa Moily has released a study State of Corporate Governance in India- Policies to Reality to help improve corporate governance within industry.

It has been developed by the ministrys Indian Institute of Corporate Affairs in collaboration with a Delhi based think tank Thought Arbitrage Research Institute and IIM,Calcutta. It seeks to cover four aspects of governance in India using quantitative and empirical research techniques.

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Speaking on the occasion Moily said the concept of corporate governance is still nascent in India where norms require a constant state of refinement to build a balance between voluntary and mandatory approaches.

In an uncertain global scenario,he said it also becomes pivotal to have a robust legal and compliance framework.