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February 2, 2011

It's Time for Indian Companies to Act More Ethically

by Nishika Patel, Guardian, United Kingdom - The global economic fallout and mounting concern with sustainable growth and climate change has spawned a new breed of ethical investors. They are urging companies to report on the environmental and social costs of their operations and improve corporate governance. "One of the root causes of the global economic crisis was a lack of transparency, investor greed and poor corporate governance … How companies report, how they tell us about the risk in their company both financial and non-financial is the solution," said Jane Diplock, chairwoman of the International Organisation of Securities Commissions, speaking at the Responsible Investment conference in Mumbai in January.

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