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Effective governance

This is with reference to "Concept paper to provide broad framework for `slim' company law" (Business Line, August 3).

As regards plugging loopholes for any manipulations or corporate frauds, the auditor is even now required to report on internal audit, fraud, corporate governance, internal control, etc. All these provide only partial information to the shareholders.

Governance and reporting can be effective if total reporting on control and ethics by the board and the auditors is made mandatory.

Ramachandran Mahadevan

Bangalore

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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