India Inc needs a strong enforcement mechanism to go with a well-defined regulatory structure.
Successive corporate scams have prompted governments around the world, including in India, to develop a stronger legal and regulatory framework that governs and regulates business and corporate transactions. Some of the central issues, while regulating the working of corporations, include the clarity of laws, rules and regulations; roles, responsibilities and jurisdictions of regulatory institutions and coordination among regulatory bodies.
Ms. Pratibha Jain, Head - Banking, Finance & Public Policy has recently written an article which was published in The Economic Times dated September 24, 2011. The same can be accessed from the link provided below:
Many a Slip: Enforcing Regulation
- Pratibha Jain