IF's Equity Advisory Group Releases Report
India is now implementing important corporate governance reforms that position the country's corporate governance framework as above average compared to other emerging market economies. However, as is the case with many other countries weaknesses remain in enforcement of rules and regulations, concludes a new report published today by the Institute of International Finance (IIF).
Mr. Edward Baker, Chief Investment Officer of Global Emerging Markets, Alliance Capital Management, and Chairman of the Equity Advisory Group (EAG) of the IIF, said: "Our report is being published as new Indian regulations are coming into effect with the aim of significantly strengthening the system of corporate governance. The Securities and Exchange Board of India (SEBI), the independent capital markets regulator, has made significant efforts to keep up with changing corporate governance practices in leading equity markets around the world, namely the United Kingdom and the United States. We welcome the actions that the Indian authorities are pursuing."
See full Press Release.
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