Good corporate governance is good business, declares the CEO of one leading emerging market company in a Wall Street Journal op-ed. Neeraj Bhargava, head of India's WNS Global Services -- a business process outsourcing firm -- believes that by adopting international best practices he is ensuring a healthy bottom line for his company.
There are other benefits as well. By adopting such standards, firms take their place in the global corporate community, becoming better partners to do business with. International best practices also make companies more attractive to employees.
The cost of good governance does not come cheaply. But says Bhargava, the benefits of adopting high standards outweigh the drawbacks as companies move toward greater efficiency, stability, and long-term growth.
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