Answer» - Companies follow diverse practices based on differing business cultures and varied usages over a period of time.
- The Secretarial Standards aim at achieving integrating, harmonizing, and standardizing fine, corporate governance across all companies
- It leads to provide better monitoring of compliance of the law, strengthening the process of the Board, and create confidence in investors.
- Secretarial Standards are reviewed by Secretarial Standard Board (SSB) once a year or whenever changes are made in the law.
- Thus, Secretarial Standards lead to better legal compliance
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