The importance of environmental, social, and corporate governance (ESG) reporting is increasing globally, and companies with better ESG ratings have outperformed their peers in the stock market. As regulatory norms emerge in India, companies need to develop their ESG practices and boards must enable sustainable reporting practices.
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As governance needs become more apparent for highly funded start-ups, board members in privately-listed firms need to arm themselves with the best practices to encourage the structure and support for a successful company. The board is an integral part of a start-ups sustainability and eventual growth.