New Delhi, Nov. 25 -- Nitin Gupta, chairperson of National Financial Reporting Authority on Tuesday called for stronger transparency, improved risk oversight and higher-quality financial reporting.
Outlining his expectations from key pillars of the corporate governance ecosystem -CFOs, internal auditors, risk management teams and audit committees - Gupta urged companies to adopt global best practices as part of self-regulatory measures to strengthen trust in India's financial system.
He was addressing ASSOCHAM 2nd International Conference on Responsible Corporate Governance & Financial Reporting here.
Gupta said, "Audit committees must move beyond merely reporting the number of meetings, and instead provide meaningful information on how ...