Amitabh Kant, India’s G20 Sherpa, has urged startups to prioritize good corporate governance and embrace self-regulation as the cornerstone of their growth and sustainability. Speaking at the Startup Mahakumbh event, Kant emphasized that startups must focus on ethical practices, financial t...
Amitabh Kant, India’s G20 Sherpa, has urged startups to prioritize good corporate governance and embrace self-regulation as the cornerstone of their growth and sustainability. Speaking at the Startup Mahakumbh event, Kant emphasized that startups must focus on ethical practices, financial transparency, and accountability to build trust with stakeholders and avoid government intervention.
Kant highlighted the importance of startups adopting self-regulatory frameworks from inception to IPO stages, ensuring timely financial reporting and robust audits. He warned that without proper governance, startups risk losing investor confidence and stifling innovation due to external regulations. Kant also encouraged startups to lead in sunrise sectors like electric mobility, green hydrogen, and deep technology, positioning India as a global leader in innovation.
This call to action underscores the need for startups to balance their innovative spirit with responsible governance, fostering a vibrant and resilient ecosystem.
Sources: Business Standard, The Hindu BusinessLine, Economic Times.