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In collaboration with
State of Governance Survey - 2025
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Comments
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A: Respondent & Organization Profile
A1. Respondent Information
Full Name
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Email Address
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Designation / Role
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CEO / Managing Director
CXO
Senior Management (VP / GM / Head of Dept.)
Board Member (Independent / Executive)
Other
Years in Current Role
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Less than 1 year
1–3 years
4–6 years
More than 6 years
A2. Organization Details
Organization Name
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Ownership Type
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Listed Company (India)
Listed Company (Outside India)
Unlisted Public Company
Private Limited Company
LLP / Partnership
Other
Industry Sector
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Banking & Financial Services
Technology / IT Services
Manufacturing
Automotive
Healthcare & Life Sciences
Energy & Utilities
Real Estate & Infrastructure
Media & Entertainment
Hospitality & Travel
FMCG / Retail
Other
1. Roles and Responsibilities
How clearly are the roles and responsibilities between the Board and Management defined and practiced in your organization?
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No clear distinction; responsibilities often overlap
Roles are defined but not consistently followed
Roles are defined and generally adhered to
Roles are clearly documented, communicated, and regularly reviewed for effectiveness
How often are the board and committee charters reviewed and updated?
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Annually.
Every 2 – 5 years.
No specified period.
2. Board Composition & Independence
What percentage of your board members are independent?
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0%
1–30%
31–50%
>50%
Not sure
What proportion of your board members are women?
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0
Less than 1/3
1/3 to 1/2
More than 1/2
Not sure
3. Board Refreshment and Evaluation
Does the board follow a documented refreshment and evaluation process, including annual internal and periodic external reviews (say, every 3 years)?
Yes
No
4. Reporting and Disclosures
At what frequency are internal management reports shared with the board?
Monthly
Quarterly
Semi-annually
Annually
Other
How much in advance of board meetings are the agenda, previous minutes, and supporting documents shared with board members?
Less than 1 week
1 to 2 weeks
2 to 3 weeks
More than 3 weeks
What is the general timeframe for finalizing and publishing your organization’s financial statements?
0 to 30 days from year end
30 to 60 days from year end
60 to 90 days from year end
None of the above
5. Risk Management and Reputational Risk Controls
Is there a documented enterprise-wide risk management framework, and are key risks reviewed by the board at least twice a year?
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Yes
No
How often are internal controls reviewed and tested?
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Quarterly
Annually
Less Frequently
Not Sure
6. Ethical Culture and Leadership
Is there a documented and enforced code of conduct applicable to all stakeholders (such as directors, employees, vendors)?
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No formal Code of Conduct exists
Code of Conduct exists but is not formally documented
Documented Code of Conduct exists and is partially enforced (selected groups or situations)
Documented Code of Conduct exists, is enforced for all stakeholders, and is periodically reviewed/updated
Are whistleblower policies and reporting mechanisms active and accessible across the organization?
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Yes
No
7. Stakeholder Engagement
Which of the following stakeholders does your organization maintain regular engagement with? (Select all that apply)
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Vendors and Suppliers
Customers
Regulators
Shareholders
Employees
Communities
Others
Select All
Please Specify
*
What are the primary modes of stakeholder communication used by your organization? (Select all that apply)
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Written communication (emails, reports, newsletters)
In-person meetings
Virtual meetings (Teams, Zoom, etc.)
Other
Select All
Please Specify
*
8. Data Governance
For each area of expertise below, please indicate the approximate number of Board members who possess relevant skills or experience.
Data / Digital Governance
None
Up to 25% of Board
26–50% of Board
More than 50% of Board
AI Ethics & Risk Management
None
Up to 25% of Board
26–50% of Board
More than 50% of Board
Cybersecurity & Privacy
None
Up to 25% of Board
26–50% of Board
More than 50% of Board
ESG & Sustainability
None
Up to 25% of Board
26–50% of Board
More than 50% of Board
Cross-border Compliance & Regulatory Affairs
None
Up to 25% of Board
26–50% of Board
More than 50% of Board
Does your organization have a documented data governance policy or program to enhance board-level data literacy and awareness?
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Yes
No
9. Management of Auditors
Which of the following best describes your organization’s process for appointing, evaluating, and managing external auditors?
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No formal process
Structured selection process with periodic evaluation
Comprehensive process including independence checks, performance evaluation, and rotation policy
Other
10. Executive Compensation and Stock Options
Which statement best reflects your organization’s approach to executive compensation and stock options?
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No formal policy in place
Policy exists but is not publicly disclosed
Policy exists, is disclosed, and includes performance-linked incentives and long-term equity/stock option plans tied to strategic goals
Other
11. Looking Ahead | i. Emerging Governance Challenge & ii. Board Innovation & Foresight
What is the single most pressing governance challenge your Board is currently least equipped to address (such as ESG integration, stakeholder activism, succession gaps, regulatory complexity, or global uncertainty)? What specific actions, resources, or expertise would most strengthen your Board’s ability to address this challenge effectively?
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In what ways does your Board foster innovation and forward-looking thinking to enhance the organization’s long-term resilience and competitiveness? Please share any practices or mechanisms in place – such as scenario planning, technology adoption, partnerships with startups, creation of innovation committees, or piloting new governance approaches.
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State of Governance Survey – 2025
