J.Venkatesan, May 17th 2013, The Hindu
“U.S., European models don’t sufficiently adjust for market circumstances in India or Australia”
Countries around the world face common challenges in getting their corporate regulation frameworks right, balancing the objectives of fairness and efficiency, and in this, there is a lot that India and Australia can learn from each other, according to Australian legal expert Robert Austin.
A former Justice of the Supreme Court of New South Wales, distinguished academic, and leader in corporate law reform, Dr. Austin is on a visit to India to discuss ways in which the two countries could cooperate, share information and build stronger institutional linkages in corporate affairs.
In an interaction with The Hindu on Tuesday, Dr. Austin called for region-specific solutions to corporate governance issues. “The U.S. and European models don’t sufficiently adjust for market circumstances in India or Australia, or most other economies in the Asian region. It is time for us to share and adapt the best of each other’s regulatory experience so as to build on the Asian region’s existing economic success. Good regulation creates value.”Continue reading…