Corporate governance principles

Policy Dialogue on Corporate Governance in India 2006


On 16-17 February 2006, the Indian Ministry of Company Affairs together with the OECD organised the 2006 Policy Dialogue on Corporate Governance in India. The conference addressed the issues of:

  • the role of the board in dealing with related party transactions
  • the role of institutional investors in dealing with non-controlling shareholders;
  • developments on compliance with international accounting and auditing standards;
  • corporate governance of state owned enterprises, including the OECD Guidelines on Corporate Governance of State-Owned Enterprises
  • corporate governance and capital markets; and
  • insolvency and corporate governance.  Indian participants and international experts exchanged experiences regarding these issues.

The meeting was co-hosted by The National Foundation for Corporate Governance, The Confederation of Indian Industry, and The Institute of Company Secretaries of India.

For more information on the Asian Corporate Governance Roundtable


Inaugural Session:

  • Welcome Address Mr. Chandrajit Banerjee, Executive Director NFCG & Senior Director CII
  • Welcome Address by Mr. Eimon Ueda, Head Outreach Unit, Financial Sector Reforms, OECD
  • Inaugural Address by Ms. Komal Anand, Secretary, Ministry of Company Affairs
  • Keynote Adress by Special Invitee: Mr. Sunil Kant Munjal, MD & CEO, Hero Corporate Services Ltd.
  • Special Address by Mr. Michael Carter, Country Director, World Bank
  • Address by Chief Guest Mr. Prem Chand Gupta, Union Minister of Company Affairs

Session 1: The Role of the Board in Related Party Transactions

  • To Chair the Session: Mr. Tejendra Khanna, Chairman, Ranbaxy Laboratries Ltd.
  • Presentation by Professor Joseph McCahery, Professor of Corporate Governance and Innovation University of Amsterdam, Amsterdam Center for Law and Economics, the Netherlands
  • Speaker: Mr. Harish Narula, President (Corporate), Lupin Ltd.
  • Speaker: Mr. Nawshir Mirza, Independent Director

Session 2: Best Practices for Dealing with Non-controlling Shareholders - An Institutional Investors’ Perspective

Session 3: International Standards and Practice for Accounting, Audit and Non-financial Disclosure – Recent Developments

Session 4: Corporate Governance of State Owned Enterprises

Session 5: Corporate governance and capital market regulation

Session 6: Insolvency and Corporate Governance - The Role of the Board in the Twilight Zone

  • To Chair the Session: Justice A.K. Sikri, Judge Delhi High Court and Senior Vice President of INSOL India.
  • Discussion by: Mr. Ravindra Gupta, Chairman , BIFR
  • Presentation by Mr. Neil Cooper, partner of Kroll Corporate Advisory & Restructuring Group, United Kingdom, former President of the European Insolvency Practitioners Association, and INSOL International
  • Presentation by Mr. Shardul Shroff, Managing Partner Shroff & Company
  • Presentation by Mr. Lalit Bhasin, President, Bar Association
  • Speaker : Mr. Sumant Batra, Senior Partner Kesar Dass B & Associates, Advocates & Solicitors

Valedictory Session: Summary and potential follow up

  • Opening Remarks: Mr. Chandrajit Banerjee, Executive Director NFCG & Senior Director CII
  • Address: Mr. Louis Bouchez, Senior Corporate Governance Specialist, Corporate Affairs Division, OECD
  • Address: Mr. Eimon Ueda, Head Outreach Unit, Financial Sector Reforms, OECD
  • Special Address: Mr. R. Seshasayee, Vice President CII and Managing Director, Ashok Leyland Limited
  • Valedictory address: Mr. M. Damodaran, Chairman, SEBI
  • Closing Remarks: Mr. H.M. Choraria, President, Institute of Company Secretaries of India

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