VisionIAS Logo
Share
abc
News Today Logo
SUN MON TUE WED THU FRI SAT
1 2 3 4 5 6 7 No article 8 9 10 11 12 13 14 No article 15 16 17 18 19 20 21 No article 22 23 24 25 26 27 28 No article 29 30

Table of Content

Posted 29 Apr 2024

2 min read

  • Corporate Governance is a dynamic set of value driven principles and measures which steers an organization’s development in the right direction.
    • It is based on the principles like Transparency, Fairness, Accountability etc. 
  • The charter has been released in the backdrop of significant erosion in shareholders’ value in Indian Startups due to governance failure in many high-profile Start-ups in the recent time.
    • E.g. BharatPe, GoMechanic etc. 

 

  • Key Highlights of the Charter
    • Objective: It will serve as a self-governing code for Startups (incorporated under the Companies Act, 2013). 
      •  It will help start-ups in not only adding value but also in achieving stability, growth, resilience, competitiveness and long-term success.
    • Guidelines for different stages of Start-ups: These include Inception Stage, Progression Stage, Growth Stage and Going Public Stage.
      • For instance, it provides clear definition of role and responsibilities of members of the Board, directors etc. in Progression Stage. 
    • Online Self Evaluative Governance Scorecard- It can be used to measure their current governance status and improvement over time.

 

Key Legal Provisions

  • The Companies Act, 2013 together with the Companies Rules provide a robust framework for Corporate Governance
  • The Securities and Exchange Board of India monitors corporate governance of listed companies.
  • National Foundation for Corporate Governance set up by the Ministry of Corporate Affairs.
  • Tags :
  • CII
  • Start-ups
  • Corporate Governance

Articles Sources

https://economictimes.indiatimes.com/tech/startups/cii-introduces-corporate-governance-charter-tailo
Next Article
FIU ‘Alert Indicators’ on Anti-money Laundering
Watch News Today
Download News Today
Article Page Bottom Banner
Width resize handle
Height resize handle

Search Notes

Filter Notes

No notes yet

Create your first note to get started.

No notes found

Try adjusting your search criteria.

Subscribe for Premium Features