This is the fourth study on Board Evaluation Disclosures and Practices in India, which has been jointly undertaken by NSE and IiAS (together with IiAS Research Foundation). In this study, we have assessed the disclosures of the constituent companies of NIFTY 50 and NIFTY Midcap 50 indices – in 2017 and 2020. The first study was undertaken in August 2016, as soon as the regulations on board evaluation had come in.

Disclosure around board evaluation, while improving steadily, continue to remain muted. This assessment for 2017 and 2020, a gap of three years, shows that the exercise is moving beyond a check-the-box approach. For one, there are signs that Director reappointments are starting to be subject to the outcome of board evaluations. If this gains currency, it will be a good outcome.

We expect this handbook, like its previous editions, will be used as a handy reference guide. Our aim is to help companies improve the performance and effectiveness of boards.

IiAS report, 'Board Evaluation in India - Disclosures and Practices 2019-20' can be accessed by clicking here