ICSI flags IndiGo governance lapses, urges stronger corporate practices

• ICSI cited governance lapses at IndiGo, calling for stronger corporate governance practices across India Inc.
• The IndiGo incident, involving significant flight cancellations and delays due to new flight duty norms, prompted ICSI's call for improved governance.
• ICSI emphasized the need for proactive risk identification, timely intervention, transparent communication, and deeper accountability at the board level.
• The Institute urged companies to align board processes for stakeholder protection and long-term sustainability, viewing corporate governance as a continuous responsibility.

Why It Matters: It highlights the critical need for stronger corporate governance across all companies.