Investors are more closely looking at the issues such as the skills of board members and gender diversity of the board, according to Rajiv Shah, professor and chairperson of Finance and Strategy at the Manipal-based TA Pai Management Institute (TAPMI).

Speaking on the ‘changing trends in corporate governance’ at ‘Finomenal’, the annual finance conclave of the institute at Manipal, he said that risk management is coming under the direct focus of boards nowadays. The spotlight on audit committees and overall accountability is also increasing. The need for good governance came into prominence after a series of misadventures, including the Satyam issue, in 2009. This was followed by the revamping of the Company’s Act in 2013. However, good rules also need to be backed up by proper monitoring and regulation, he said.

Highlighting theme of ‘Finomenal’ – ‘Govern, Strengthen, Transform’ — Ganti Murthy, former head of fixed income at IDBI Asset Management Ltd, said that good governance strengthens and transforms the economy. Good governance is when the regulations are inculcated and assimilated in the system, he said.

The three-day conclave included inter-collegiate competitions, guest lectures and interactive sessions. The team from TAPMI won the inter-collegiate competition. TAPMI-Bloomberg Olympiad. More than 10 business schools took part in the Olympiad to test the expertise of Bloomberg terminals usage. IIM-Calcutta won Accretion 1.0 (the event in which students played the role of financial consultants in the area of merger or acquisition). Two TAPMI students won the ‘Govern It Right’ competition.

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