India, Feb. 2 -- India is the third-largest startup ecosystem in the world, with the landscape continuing to mature at a rapid pace. While founders primarily focus on finding their product-market fit (PMF) and acquiring their first customers at the beginning of their entrepreneurial journey, it soon becomes imperative to zero in on another fundamental aspect of company-building: corporate governance. What are startups doing right? What are they doing wrong? Shriram Subramanian, Founder & MD of InGovern Research Services, sheds light on these issues.

Shriram: Unfortunately, this message has not been fully absorbed by all founders, boards, or startups at various stages of maturity. Corporate governance is a philosophy that founders must im...