As Indian companies commence their board evaluations, directors will begin to prioritize what should be on the board’s agenda. My conversations tell me most believe that ‘plus ça change, plus c'est la même chose.’ Even as the agenda largely remains unchanged most expect compliance to dominate – it always does. The undertone however will change, weighed by some headline cases: Gensol Engineering (weak internal controls; unmonitored related-party transactions); Indigo Airlines (risk management is operational - not just financial; proactive risk assessments for known regulatory changes) and IndusInd Bank (culture matters as much as control; timely disclosures are critical).

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