Is India Inc ready to raise the corporate governance bar?

The committee recommended the govt clearly stipulate strategic goals for PSEs, specifically its 'non-commercial objectives'

AUDIT COMMITTEE
 
For rewards, get execution  right
 
The Uday Kotak committee has further enhanced the role and responsibilities of audit committees by recommending:
 

• Expansion of nature and type of disclosures such as long- and medium-term strategy and valuation reports in searchable and standard format 

• Focus on key deltas in financial indicators and their causes

•  Capital deployment details to be disclosed

•  Analysis and comments on audit qualifications

•  Enhanced quarterly disclosures, scope of internal controls and the need to establish guidelines for audit quality

• Auditor credentials disclosure, fees and reasons for resignation