Comparison of 50 top Indian cos with US peers throws up interesting findings
As Indian companies get larger and integrate with the global economy, the issue of corporate governance has come to dominate discussion on how prepared India Inc is to take on the rest of the world. A recent study by credit rating firm Crisil has brought out some very interesting facets to the debate on whether Indian firms fit the bill when it comes to corporate governance. The study takes the top 50 Indian companies—chosen from the NSE’s S&P CNX Nifty 50 index—and compares them on some key parameters with the top 50 companies in the US, chosen from the NYSE 100 index. Let us first go through some of the key findings before analysing what it means for governance standards of Indian firms.
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