Over the last decade companies, both public and private, have been bombarded by regulators, institutional investors and the media with requests for enhancing governance standards. Regular corporate failures and highly publicized “scandals” will ensure that the governance demands on business leaders will increase and become more onerous.
It is, therefore, essential that Boards evaluate their approach to fulfilling their roles and responsibilities so that continuous improvement is achieved and value is added to the operations of the organization.
Direct Taxes include:
Explicit assessment of the performance of the Board as a whole, not just on the basis of individual Directors’ contributions, is a growing trend and the starting point to improving your Board’s performance.
DKP’s independent facilitation and management of the process also allows Board members to focus on SEBI’s Corporate Governance guidelines and develop a tailored response framework.