Institutional EYE

Commentary on Corporate Governance Issues

Corporate Governance: The upgrade to 4G

A snap-shot of how corporate governance regulations have evolved over the last three decades. First generation Our journey began in 1997 with the Confederation of Indian Industry setting up a task force, under Rahul Bajaj, to look at CG. The final report, with a quirky title ‘Desirable Corporate Governance: A Code’ was presented a year later, in 1998 and it introduced the concept of CG to Indian markets. It shied away from defining CG and instead focused on a few elements – transparency, disclosures, boards, etc. It did recognize that ‘corporate governance goes far beyond company law’ – something that is usually forgotten. A year later, SEBI formed a committee with Kumar Mangalam Birla in th

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