The recent regulatory developments and the expectation of governance-related legislation in countries complimented by shareholder activism have singularly enhanced the challenges facing companies and the boards. These challenges are bound to increase further and grow in complexity. This scenario represents a new operating environment for companies. To succeed in this environment, the boards of directors will continue to remain the critically important actors in firm governance, they will have to innovate their way to growth and demonstrate their capability for superior performance.
The joint CII-Deloitte publication on 'Global Trends in Corporate Governance – since the financial crisis' highlights the evolution of some of the key governance practices across the world and in India. It was released at the 9th Corporate Governance Summit organized by CII in Mumbai on 20 December, 2013.