Key Points
Although India now comfortably ranks in the upper echelons of the global start-up ecosystem, if the domestic ecosystem isnt able to deliver on its promise of long-lasting resilience, its foundation will crumble, swiftly and catastrophically..
That is why investors would do well to discharge one of their critical responsibilities corporate governance...
Its futile to discuss the validity of these charges or the motivations behind these actions; what we should be doing is asking how did the other parties involved including investors, auditors, and the board fail to notice financial or compliance discrepancies of such magnitude?.
It is quite fundamental for investors to seek transparent financial reporting, underscore the significance of ethics and compliance, and instil financial discipline. Every responsible and experienced investor seeks MIS from the company and at the very least, focuses on statutory compliances..
Recognizing this, Start-up India has established the MAARG (Mentorship, Advisory, Assistance, Resilience, and Growth) Portal as a crucial resource for start-ups in search of guidance on corporate governance..
