MCA panel seeks tough biz responsibility norms

Companies may now have to inform shareholders about the policies taken by them to tackle the menace of corruption, including bribery. They may also have to inform shareholders of how many complaints they receive, as well as how many they resolve.The committee, constituted by the Ministry of Corporate Affairs, has given its report on implementing business responsibility norms. In the report, the panel has recommended a framework that would direct a company to disclose specific details on all segments of their businesses, including audits and human resources.