Why Insomniacs are Good for Indian Boards: Higher Disclosure Standards, Activism & Risk Management
In November, Amrit Singh Deo (Senior Director, India) presented at a BNY Mellon ForeSight Depositary Receipts Issuer's Conference in Kochi, Kerala, India. Amrit made a timely presentation titled: “Why Insomniacs are Good for Indian Boards: Higher Disclosure Standards, Activism & Risk Management.” The presentation was based on the findings of FTI Consulting’s India Disclosure Index, a report that tracks and evaluates the mandatory and voluntary disclosure practices of India’s leading listed companies on the basis of publicly-available information.
The India Disclosure Index benchmarks the 100 constituent companies of the S&P BSE Sensex using a weighted Composite Disclosure scoring system that FTI Consulting developed. This scoring system includes parameters for six mandatory disclosure practices and five voluntary disclosure practices. Based on the findings of this report, Amrit shared recommendations for best practices in global and Indian investor relations.
The conference was part of a series of collaborative initiatives between BNY Mellon and FTI Consulting in India, to showcase market leading thought leadership and engage with C-suite representatives from India's leading corporations. Apart from best practices in global and Indian investor relations, the audience heard a range of topics being discussed, including the global economic outlook, the role of the G4 (the world’s largest economies: China, India, Japan and the United States) in driving economic growth, and insights from the buy-side and sell-side community.
The conference attracted Directors and Investor Relations Officers of Indian companies, representatives from the London Stock Exchange, Taiwan Stock Exchange & the Swiss Stock Exchange, and senior finance policy officials from the government of India.