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Saturday, December 28, 2024 | 02:27 PM ISTEN Hindi

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Letters: Bring accountability

A simplification of statutory reporting procedures should be backed by strict follow-up with penal provisions to ensure timely compliance with statutory requirements

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This is with reference to your article, “Winds of change, waves of progress” (December 28). Global market environments have become highly competitive and corporates have to constantly review their business policies to ensure survival in the market. Effective management will create better business involvement coupled with greater accountability at all levels. This will, in turn, enhance the quality of performance of professionals. This applies equally to both large and small corporates that enter global markets as equals. A more flexible legislation is essential to ensure greater freedom in decision making by a corporate. Stringent legal procedures will be a hindrance

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