BUSINESS

Voluntary disclosures? Corporate India misses the mark

April 22, 2015 11:09 IST

A study reveals that top business houses in India are reluctant to voluntarily disclose important information pertaining to debt, key corporate developments and business strategies about their respective companies.

Image: Industrialists viewing the Union Budget 2015 at CII in New Delhi. Photograph: PTI

A study of mandatory and voluntary disclosures by Top 100 BSE-listed companies (by market cap) reveals weak enforcement of disclosure standards by the capital market regulator.

A weighted composite disclosure scoring system - combining information parameters that are mandated by law, with additional information parameters offered voluntarily by publicly-listed companies - shows how corporate India misses the mark when it comes to disclosures. Some key findings

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