India is a land of opportunities among BRICS nations but lack of knowledge about various compliance requirements seem to be posing a challenge to the corporates here, say experts.
In recent times, stricter regulatory framework and disclosure requirements have been put in place as part of the efforts to ensure protect investor interest, increased transparency and make India a more easier placefor doing business. Describing India as a ‘land of opportunities’, a senior executive of global research group ‘The Conference Board’ on Monoday said efforts should be made to bring out the best practices of corporate governance here.
“The main challenge to companies in India for compliance is lack of knowledge about regulations and legislature,” The Conference Board’s Asia Pacific Executive Director Nick Sutcliffe told PTI. Speaking on the sidelines of the launch of ‘Handbook on Corporate Governance in India’, Sutcliffe said there is significant interest among corporates to have a better understanding about good governance practices.