Corporate governance in India has undergone a paradigm shift by gradually becoming more conscience-driven due to interests of customers, employees, vendors and regulators, say experts.
The ever-changing dynamics of corporate governance was discussed and debated Monday in a seminar - 'Visionary Corporate Governance Practices' - organised by the Confederation of Indian Industry (CII) here.
'Realising the need for good governance, corporate governance has gradually evolved into a conscience approach from the traditional compliance one. There has been recognition of the need to balance interests of not just shareholders but different stakeholders who are equally important for the health of a company,' said K.V. Kamath, managing director and chief executive of ICICI Bank Ltd.
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