Friday, January 29, 2010

India's Shaky Governance


It's easy to ignore corporate-governance hounds when the going is good.

Consider India. Foreign buyers are pushing stock prices toward all-time highs, drawing a new wave of Indian companies to the public markets. Some 50 applications for new listings on India's stock markets— worth about $6.3 billion—are pending, says Firstcall India Equity Advisors.

Flash back a year and markets were reeling from a huge fraud at Satyam Computer Services as investors re-evaluated India on the basis of governance ...

See full Article.