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Governance in Indian startups needs to improve, more independent directors needed: Flipkart CEO Kalyan Krishnamurthy

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Governance in Indian startups needs to improve, more independent directors needed: Flipkart CEO Kalyan Krishnamurthy

Flipkart Group CEO Kalyan Krishnamurthy highlighted the need for improved governance in Indian startups and stressed the importance of having more independent directors on company boards. He emphasized the need for compliance, code of conduct, and faster evolution of these aspects. Krishnamurthy mentioned that having independent directors can help address governance issues in startups and facilitate asking tough questions. He also noted that the presence of independent board members can reassure investors during due diligence. The call for better governance comes amidst a funding slowdown and several governance lapses in the startup ecosystem.

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