HDFC CEO eyes revision of corp Governance Norms

Mumbai: The need to revise the code of conduct and prescribe new guidelines following the issues of corporate governance at the Tata Group and Infosys considered the epitome of adhering to best corporate governance practices was necessary.

Keki Mistry, vice-chairman and CEO, HDFC and chairman, CII National Council on corporate governance said there was need for effectiveness of board processes; independence and quality of independent directors; risk management as key guidelines for effectiveness of what he calls the nerve centres of corporate governance – the Board.