Corporate Governance: Situation in India as compared to other countries with specific reference to Corporate Governance in US

Amit Atre, Company Secretary and Head - Legal , Persistent Systems Limited, India

Corporate Governance is one of the most discussed topics amongst Corporates today. The decade of 1990s could be remembered with the buzzword of ‘Corporate Governance’. It is a set of principles that expects the business houses to run their business with the equal justice with the separation of ownership and management along with compliance of other Acts and rules applicable to the companies. While Corporate Governance is not a new concept, it will keep evolving to keep pace with the changing business environment.

Amit Atre is the Assistant Officer – Secretarial at Persistent Systems Ltd., one of the leading outsourced software product development company with a turnover of about US$ 105 Mn. and 4,000+ employees. Mr. Atre has more than two years of experience in corporate secretarial matters. Mr. Atre is a visiting faculty and a guest lecturer at a reputed professional institution. He is a member to the Students’ Committee of the Pune Chapter of the Institute of Company Secretaries of India (ICSI) for 2007-2009. 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.

Established in 1990 as the first Company in STPI, Pune, Persistent Systems, a US$ 100 Mn. Company, 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.