As indicated by a most recent study, India has developed as the pioneer in Worldwide creating Markets for having the clearest and most thorough arrangements on corporate administration.
The study mutually led by KPMG and ACCA says, scoring more than China, India is at standard with Malaysia and Australia positioning fourth over 25 markets globally and is at the second spot in the Europe-Middle East-Asia (EMA) market classification.
The key factors such as changes to the role and responsibilities of the audit committee, the roles of independent directors, and the codified duties of board of directors as whole helped India score the leading ranking.
