Need for ethics, corporate governance standards in startups: Piyush Goyal

While Goyal did mention the name of the startup, his statement comes after there have been several reports of corporate governance lapses at the unicorn Bharat Pe over the last few months.

Piyush Goyal
Premium

Piyush Goyal (Photo: PTI)

Shreya Nandi New Delhi
New-age companies must strengthen ethical and corporate governance standards, said commerce and industry minister Piyush Goyal on Thursday as reports come in of data fraud and tax evasion at Indian startups.

Malpractices must be clipped early, otherwise it will earn a bad name for startups. “We have by and large been insulated by these problems, I hope these don’t become a norm in the future. It will kill the entrepreneurial spirit of young startups and can have damaging effects in the years to come,” Goyal said at an virtual event organised by the Confederation of Indian Industry (CII).

There is

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 28 2022 | 9:25 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com