Cash in listed company is no personal asset

Business Standard 27/03/2009

Grant Thornton and FICCI have just finished talking to a clutch of midmarket-listed smaller companies on the subject. The findings are politically correct. Most companies say they see significant value in adopting the corporate governance practices prescribed, and 84 per cent of the 500 respondents say that “compliance with section 49 enhances the perception of their stakeholders on the conduct of the company’s business.”