Author: Afra Afsharipour
The Directors’ Collective™ Publication: 2016
Handbook of Corporate Governance in India is a practical reference tool that reviews key features of the legal and regulatory standards applicable to today’s Indian corporate boards, from their composition to their activities. The material is organized by the variety of functions and responsibilities in the director’s job description—the qualification and appointment process; fiduciaries’ liability and indemnification; the delegation of authority to board committees and the role and responsibilities of nomination, remuneration, and audit committees; the duty of overseeing an ethics and compliance program; and specific requirements pertaining to disclosure, related party transactions, risk management, and corporate social responsibility.
Recently introduced legal requirements are explained in light of the specific characteristics of India’s business ownership structures and put into the historical context of corporate governance reforms in the country. A conclusive chapter explores open challenges regarding enforcement actions and the effective application of new rules.
The Handbook is a publication of The Directors’ Collective, a collaboration in India among The Conference Board, KPMG, Russell Reynolds & Associates and Khaitan & Co.