Corporate governance is sine qua non for the integrity of corporations, financial markets and market intermediaries. Transparent, ethical and responsible governance practices should be embedded in routine operations of a company.
Intrinsic will and passion for ethical governance are ingrained not only at the board level but also at the key managerial echelons of well governed companies. High-quality governance practices, based on the “triple bottom line concept”, ensure that people, the planet and profit all benefit from corporate growth.
Widening participation
Effective governance requires companies to communicate transparently and assure that stakeholders who may be affected can access information about the company’s decisions. The finance minister in his 2012-13 budget speech proposed to widen opportunities for shareholder participation in important corporate decisions through electronic voting facilities (e-voting).
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Shardul Thacker is a partner at Mulla & Mulla & Craigie Blunt & Caroe in Mumbai.
Mulla House
51, Mahatma Gandhi Road, Flora Fountain
Mumbai 400 001, INDIA
Tel: +91 22 2262 3191 / +91 22 6634 5496
Fax: +91 22 6634 5497
Email: shardul.thacker@mullaandmulla.com
