Corporate Governance in India as compared to Corporate Governance in Singapore

Amit Atre, Executive - Corporate Secretarial, Persistent Systems Limited, India

The decade of 1990s proved to be an important decade for companies as the concept of ‘Corporate Governance’ has changed the entire gamut of corporate practices. Today, Corporate Governance is one of the most discussed topics amongst companies. The concept is all pervasive. Many countries irrespective of its size and economy have identified and adopted an independent code / practice on Corporate Governance. Corporate Governance is a desired set of principles on which companies are expected to run their business diligently specially when there is separation of ownership and management and expects the timely compliance of other Acts and rules applicable to them. The concept of Corporate Governance has kept evolving to keep pace with the changing business environment. Some countries have set a practice of continual assessment of their Corporate Governance Code to march towards best practice whereas some of the countries have set a steady course of governance reforms from time to time

Amit Atre (amit_atre@persistent.co.in) is the Executive – Corporate Secretarial at Persistent Systems Ltd., listed on NSE and BSE and is one of the leading outsourced software product development company with a turnover of about US $ 125 Mn. and 5,000+ employees. Mr. Atre has more than three years of experience in corporate secretarial matters. Amit is an elected member of Managing Committee of Pune Chapter of Western India Regional Council (WIRC) of ICSI for the term 2011-2014 Mr. Atre is a visiting faculty and a guest lecturer at a reputed professional institution. He is a Chairman to the Students’ Committee of the Pune Chapter of the Institute of Company Secretaries of India (ICSI) for 2007-2010. A Commerce and Law graduate, he is a Company Secretary from India. Mr. Atre ranked first in the International course on ‘IPR and e-commerce’ held by WIPO in 2006. Further, he has three international and many national articles published in co-ownership with his professional colleagues.

Persistent Systems Limited was established in 1990 as the first Company in STPI, Pune, Persistent Systems, is a US$ 100 Mn. Company and is the preferred innovation partner for the world's largest software product development companies. A profitable company since its inception, Persistent Systems received funding from Norwest Venture Partners and Gabriel Venture Partners in 2005. Persistent got listed on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited in April 2010.