Traditionally, company boards have focused more on financial risks or those risks with a significant financial impact. However, this recipe for success seems to have evolved in recent times – as the focus has now shifted to include operational and sometimes, strategic risks that influence a company’s performance.
As a definitive milestone to this journey, global management consultancy Hay Group, and India’s largest financial daily The Economic Times, in partnership, launched the study for India’s Best Boards. Aimed at recognizing the efforts of the best Company Boards in the country, this research initiative seeks to cater to the success stories around Corporate Governance in the Indian context and take stock of the changed business environment’s impact on company boards.
The 2012 study for India’s Best Boards was conducted by invitation only, to include the top 200 organizations amongst the ET 500. The study strives to take stock of the changed business environment and bring out a discussion between companies, investors, and regulators on the current and aspirational state of corporate governance.
An endeavor towards a meaningful debate on India’s Best Boards, this research brings out significant opinions and insights from various companies and investors. It is ideally a small but notable step in enhancing the quality of corporate governance in India.