The Confederation of Indian Industry (CII) has advised Indian startups to maintain realistic valuations and prioritize responsible corporate governance. Emphasizing long-term value creation over short-term valuations, CII’s Corporate Governance Charter for Startups aims to establish startups as well-governed entities. It underscores the importance of separating business needs from personal interests of founders while aligning goals with long-term business objectives. The charter advocates trust-based collaboration between founders, management, and the board, along with stringent internal controls and external auditing. CII also launched an online self-evaluative governance scorecard for startups to assess and enhance governance practices, providing guidelines tailored to different stages of a startup’s life cycle: Inception, Progression, Growth, and Going Public.
CII Urges Indian Startups to Prioritize Realistic Valuations and Corporate Governance
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