NEWS – Confederation of Indian Industry (CII) has launched a corporate governance charter for startups, including a self-evaluative scorecard

KEY FEATURES:

• Organized Guidance: The charter is structured into four stages – inception, progression, growth, and going public, to address specific governance needs at each phase of the startup journey.
• Timeless Principles: It offers timeless governance principles and practices applicable to startups, emphasizing essential norms regardless of the growth stage.
• Governance Scorecard: The charter includes an online self-assessment governance scorecard for startups. This tool allows startups to evaluate their governance status and track improvements over time.

RECENT TRENDS AND CHALLENGES:

• Recent years have seen increased attention on corporate governance issues in Indian startups, with notable cases and legal battles highlighting the importance of governance practices.
• A survey by Inc42 reveals heightened investor scrutiny among startups, signaling the growing importance of governance and accountability in the startup ecosystem.