Piyush Goyal asks Indian startups to develop corporate government standards
Piyush Goyal, Minister of Commerce and Industry, has urged the Indian startup sector to take corporate governance seriously. The minister has directed Indian startups to create corporate governance rules that financial auditors may use to audit accounts and identify wrongdoings. Piyush Goyal, Minister of Commerce and Industry, has recommended Indian entrepreneurs to practice self-regulation in order to improve corporate governance standards. Speaking at the Global Unicorn Summit, Goyal suggested that Indian entrepreneurs adopt corporate governance guidelines that financial auditors may use to scrutinize accounting and identify any wrongdoings. Goyal said, "In our startup environment, we need to reinforce that (corporate governance). The types of stories we've been reading recently concerning revenue and data fraud, tax evasion, and other such blunders must be cut at an early stage. Otherwise, they would bring a terrible name to our startup community." ...