Startups in India: Good Governance More Important Than Highest Market Cap, Say Industry Leaders

New Delhi, March 20: As certain Indian digital companies like Byju슬롯사이트�s, with a mammoth $22 billion valuation once, get embroiled in corporate governance issues, top industry leaders have said that running a clean company with honest practices and good governance is more important than having the highest market cap.

In a conversation with Kunal Shah, founder of fintech major CRED, veteran investor and Info Edge Founder Sanjeev Bikhchandani said that the leader슬롯사이트�s role is not to sell stock but to ensure that when somebody else wants to sell their stock, there are enough buyers.슬롯 머신 사이트 추천Indian IT Sector Projected To See Flat Salary Hikes Between 8.4% to 9% and Muted Hiring in 2024, Finance and Banking Sector To See Higher Increment: Reports.

슬롯사이트�A leader needs to build the company for all shareholders, and ensure everyone gets rich, not just themselves,슬롯사이트� he told Shah on the latest episode of 슬롯사이트�CRED curious슬롯사이트�. Founders need to create trust across the table with co-founders, colleagues and shareholders.

슬롯사이트�The principles of trust are integrity, consistency, competence, benevolence; the presence of all doesn't guarantee trust, but the absence of any creates mistrust,슬롯사이트� said Shah. According to them, one person슬롯사이트�s error impacts the entire ecosystem. 슬롯사이트�In 10 years, there will be many more profitable and large Indian internet companies. We are all ecosystem participants and every error of competence, judgement, behaviour impacts us all,슬롯사이트� the industry veterans argued.슬롯 머신 사이트 추천Layoffs 2024: Singapore-Based ShopBack Lays Off 24% of Its Workforce, Around 195 Employees Affected by Job Cuts.

슬롯사이트�Running a clean company with honest practices and good governance is therefore more important than having the highest market cap," they stressed. Bhikchandani advised founders to go public only when their profit streams are sufficient to support this, while Shah suggested that companies should go public only when they슬롯사이트�ve run eight quarters like a public company.