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Promoting good governance

We need to look at governance practices as more than a compliance or survival requirement

Illustration by Binay Sinha
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Illustration by Binay Sinha

Kavil RamachandranSougata Ray
Regulation drives governance practices in India that are traditionally led by compliance to avoid legal complications. Recent events, spanning Punjab National Bank (PNB) and ICICI Bank to several individual promoters raise fundamental doubts about the appropriateness of this strategy.
 
We need a paradigm shift in strategy to promote good governance, one that will bring promoters to the centre stage where they will enact the play, not because they are compelled to do so, but because they believe in it and enjoy doing it. Indian promoters and business leaders are yet to realise that they have an important and active
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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First Published: Jun 28 2018 | 6:00 AM IST

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