Comments
Foreign investors are petrified about investing in India as there is lack of transparency in dealing with them, Lord Swraj Paul, founder of Caparo Group, has said.
India needs less but very transparent policy, Paul told Business Line in an interaction ahead of his Dr Stya Paul inaugural Lecture in Delhi recently. He said that the Government should announce the rules for entering the Indian market and only those who fit the criteria should be allowed to enter. With such an approach, an investor will waste less time of the Government and there will be less chances of corruption, he pointed out.
Corporate governance The legislative changes brought about by the new company law would only work if leaders of business embrace not only the letter of the law but also its spirit, said Paul.
“If you want to do business in today’s world, you cannot ignore governance. And setting up structures, committees and rule books is not enough.
“The Owners, the Chairman, the Chief-Executive , and the Board all need to lead by example. It is the top which has to set the tone,” he said recalling Nobel Laureate Professor Samuelson’s quote “The bottleneck is always at the top”.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.