No performance riders on ESOP grants to founders of India's new-age firms

Experts question why such endowments in India's new-age companies are not comprehensively linked with performance targets

On any day, one can find founders of Indian tech companies holding up their Silicon Valley peers like Elon Musk as role models, talking about things like innovation and regulation where the US tech hub fares much better.

Of course, comparisons always sound sweeter when others are playing ball, not when the ball lands in their court. One such instance is corporate governance related to stock grants.

“In the West, the best practices for stock grants are for incentivising top executives to achieve specific performance goals in the future. Some founders of tech companies in India are getting stock grants as rewards