After Getting the Auditors To Act Independently, Will SEBI Now Do It for Corporate Boards?
Last week, I argued that the rush of auditor resignations, triggered by the tough regulatory action against PricewaterhouseCoopers (PwC), was a rare occurrence in the Indian context and good for investors of listed companies. Exemplary punishment is far more effective than endless rule-making and red-tape and the action of SEBI (Securities and Exchange Board of India) had forced dozens of...
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