The Indian Corporate Governance Scorecard is a joint initiative of the International Finance Corporation (IFC) and Bombay Stock Exchange (BSE). The project has been supported and sponsored by the Japan Ministry of Finance.
Institutional Investor Advisory Services India Limited (IiAS) is the technical partner responsible for drafting the Scorecard questionnaire and methodology. The content of the Scorecard was developed in consultation with IFC’s team of corporate governance experts.
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Given that India is a member of the G20 forum, the evaluation framework is built around the G20/OECD Principles of Corporate Governance (G20/OECD Principles), which are the globally accepted benchmark for corporate governance. While applying the G20/OECD Principles, consideration was also given to issues relevant in the Indian context and the regulatory framework prescribed by Indian regulators and oversight bodies.
For more information, please refer to the CG Handbook or get in touch with us.