ENA Sectors 2024-04-29 17:42:03 <p><span style="font-size:14px"><strong>New Delhi, Apr 29 (KNN)</strong> The Confederation of Indian Industry (CII) has introduced a new corporate governance charter tailored specifically for startups. </span></p> <p><span style="font-size:14px">The charter aims to provide guidance on governance practices suitable for different startup growth stages.</span></p> <p><span style="font-size:14px">A key feature is an online self-evaluation scorecard that startups can use to assess their current governance status and track improvements over time. The scorecard covers four key stages - inception, progression, growth and going public.</span></p> <p><span style="font-size:14px"> While innovation is vital for startups, robust governance improves decision-making and promotes long-term thinking, said Kunal Bahl, chairman of the CII National Startup Council. Embedding governance principles early becomes part of the startup's DNA , reported ET.</span></p> <p><span style="font-size:14px">The move comes amid some governance concerns at major startups like Byju's and BharatPe over the past year. </span></p> <p><span style="font-size:14px">CII Director General Chandrajit Banerjee stated the charter will help raise overall governance standards among Indian startups.</span></p> <p><span style="font-size:14px">With investors increasingly demanding tighter financial controls, the charter provides governance guidance timely for the booming startup ecosystem. </span></p> <p><span style="font-size:14px">G20 Sherpa Amitabh Kant recently highlighted proper audits and competent CFOs as crucial for startups aspiring to become large companies.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37600 https://knnindia.co.in/news/newsdetails/sectors/cii-launches-governance-charter-with-online-self-evaluation-scorecard-for-startups 2024-04-29 17:42:03 knnindia.co.in