'Indian startups must boost corporate governance, set norms for G20 nations'

Indian startups must give priority to good governance and financial management and create new benchmarks not only for India but also for other G20 nations, G20 Sherpa Amitabh Kant has stressed.

Globally, startups have evolved into the catalyst for economic recovery, reorientation and growth driven by innovation.

At the sidelines of a think tank conference organised by Nishith Desai Associates and TiE Mumbai recently, Kant reiterated the importance of developing the corporate governance standards for India Inc to go global and establish norms for other G20 countries.

"It is important that these startup founders must adhere to best practices in corporate governance and financial management at the grassroots level and not consider these as an afterthought," said Kant.