As per the latest Motor Vehicle Act 2019, the intent is to penalize errant drivers. This will bring in discipline, order and reduce fatalities. The Indian drivers are protesting and there is a complete lock down of public transport in Delhi today. Why? Because we don’t like to follow rules, we love to break them! Apply this same rule to corporates. We have the Companies Act, SEBI, LODR, Income Tax Act and various committees’ advising caution and governance. Outcome? Lock down and silent protest, by going around the law. We have been noticing Stat Auditors being replaced by other firms, if the Audit Report carries a qualification. Who decides? Who recommends? The team on the ground does not want their mistakes to be highlighted. They recommend a change and the powers that be, instead of regularizing issues, use the guillotine! Same mind set, same end result! Driving on the wrong side!! #accountability #professional #compliance #governance
