Important to reform, perform and transform: Vice Prez Naidu
New Delhi, Mar 24 (KNN) Addressing the gathering after presenting the Mint’s Corporate Strategy Awards that held in Mumbai on March 24, the Vice President of India, Shri M. Venkaiah Naidu said that Indian corporate need to Reform, Perform and Transform in order to open new horizons of global opportunities that are beneficial for our country and its people.
Speaking at the event, he said “Corporate governance is a key element in improving economic efficiency and growth as well as enhancing investors’ confidence.”
The three major aspects of corporate governance are accountability, transparency and equal treatment of all shareholders, he added.
Explaining the role and importance of corporate governance, he added that good corporate governance practices will help in improving the confidence of domestic investors thus give enormous opportunities to access finance from giant international sources, not only this it help in reduction of cost of capital and enable good functioning of financial markets. (With PIB inputs) (KNN/DA)