‘India needs a council of corporate valuation professionals’
The present system of corporate valuation lacks a disciplined, systematic and scientific approach, which is much needed for consistency, says Mr Chandra Wadhwa, President of the Institute of Cost and Works Accountants of India. “The absence of valuation discipline is damaging corporate governance and its health.”
Mr Wadhwa, a New Delhi-based cost accountant, is also Chairman of Working Group to suggest institutional framework for corporate valuation constituted by the Ministry of Corporate Affairs. Recently, he shared with Business Line his personal views on the subject of valuation.
Excerpts from the e-mail interview.