The World Bank today said the Indian government should “urgently focus” on the corporate governance of institutional investors who are playing an active role in the country’s market and gaining in influence.
“We believe that this area should engage the attention of policy makers as the corporate governance monitoring mechanisms of institutional investors would be only as good as the corporate governance standards that they set for themselves,” World Bank’s India director Michael Carter said.
Speaking at a seminaron the Role of Institutional Investors in the Governance of Their Portfolio Companies, Carter said they had a special function to perform, particularly in view of their growing portfolios.
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