In consultation with Securities Exchange Board of India and National Institute for Securities Markets, IFC Global Corporate Governance Forum has designed a program to address key elements of corporate governance reform, capacity building, and enhance awareness in India.

As part of this collaboration, a business investor dialogue is being organised to facilitate discussions between the private sector, domestic and international investors, and Securities Exchange Board of India and to shed light on that state of governance in Indian companies, said a IFC release here.

Different issues

Issues to be explored include the effectiveness of various governance structures, the role of the board, disclosure, and enforcement, it added.

The event will give participants an opportunity to make recommendations for improving corporate governance among enterprises.  Participants expected include investors and senior business leaders from Barclays, Bombay Stock Exchange, Crisil, National Stock Exchange, Fortis, Kotak, KPMG, Tata Motors, and Wipro.

Discussions around research on the state of corporate governance in India's listed companies will be conducted by Professor Vic Khanna of the University of Michigan, Professor Bernard Black of the University of Texas, and Professor N Balasubramanian of Indian Institute of Management in Bangalore.