Compliance to Clause 49 improves investors' perception: Ficci survey

Compliance to Clause 49 and the quality of disclosures have improved the investors’ perception about companies in India, Ficci said in a study. According to Ficci-Grant Thornton report on Corporate Governance review of mid-market listed companies in India reveals that 84 per cent of the companies feel compliance to Clause 49 and the quality of disclosures have improved the investors' perception about them. Clause 49 is the over-arching legal provision in relation to corporate governance.