Only 28 Nifty 50 companies saw Covid-19 pandemic as a risk, shows data

Large board can lead to underperformance

A survey of Nifty 50 companies showed that in the annual reports of FY 2019-20, published several months after the year’s closure, only 28 companies recognised Covid-19 as a risk. The study of corporate governance by Excellence Enablers also found that while most companies complied with the requirement of minimum directors, several had more than 14 directors. It pointed out that having a large board can lead to under­performance. As on March 31, 2020, 10 companies were non-compliant with the minimum requirement for independent directors on board. 

A look at some of the findings.