Financial Management and Governance in India: A roundtable discussion
November 2009
What does it take to manage risk? How are bankers instilling confidence in the system, while ensuring that history will not be repeated? What are corporates doing to restore the trust that has been lost between lenders and borrowers, while building a positive reputation within the banking community? The challenge is to achieve these things at a time when corporate governance regulations are not yet being fully implemented.
This report summarises the discussion at a Spencer Stuart roundtable in Mumbai which brought together leading bankers and CFOs to discuss the implications of the changing business environment on the traditional lender-borrower relationship. What emerged was a consensus that better communication, transparency and accountability is needed all round. It remains to be seen whether the lessons learned from the financial crisis will be reflected in corporate strategy in the future.