Monday, March 14, 2016

BSE, IFC jointly develop corporate governance scorecard

BSE and the International Finance Corporation (IFC) have jointly developed a corporate governance scorecard. The scorecard help the companies assess their corporate governance performances against national or international-benchmarked practices.
  • It will help companies in identify areas of further improvement and track progress over time.
  • It can be used to make board processes more efficient, improve strategy, aid decision-making, and manage risks.
  • It will help Companies for better recognizing the way in which governance affects their operations.
  • The scorecard can be used by stakeholders, including regulators, promoters, and investors.

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