Amitabh Kant, former CEO of the National Institution for Transforming India (NITI Aayog), emphasized the significance of integrity and good governance for the sustainable growth of startups.
He highlighted the consequences of corporate governance failures in certain Indian startups, emphasizing the need for adherence to these principles. Kant suggested the establishment of clear norms for self-regulation within the startup ecosystem and urged startups to ensure compliance with regulations.
He also emphasized the criticality of integrity at the foundational level of a startup, as it directly impacts sustainability and growth.
In conclusion, integrity and good governance are essential for startups to grow in the long term. By following these principles, startups can attract investors, build a strong team, make sound decisions, and avoid scandals and crises. This will help the startup to achieve its full potential and become a successful business.
