Monday, August 01, 2005

Chidambaram stresses corporate governance in companies


Finance Minister P. Chidambaram Saturday urged Indian companies to incorporate the rules of corporate governance to enhance productivity.

"Rules of corporate governance is essential to raise productivity because things are very cluttered in the private sector," Chidambaram said while speaking at a function of Indian Chamber of Commerce (ICC) here.

He favoured more autonomy to public sector undertakings and banks.

See full Article.