Therefore, the success of Indian entrepreneurs will depend on how quickly and efficiently they are able to make necessary adjustments in their business models. 7  Corporate Governance, Ethics, Accounting Transparency and Business Models Corporate Governance 18. I would now like to draw your attention to the single most important aspect that determines the long-term success of a business and that is corporate governance.
The thrust of sound corporate governance is to help build an environment of trust, transparency and accountability in business entities. These are prerequisites for fostering long-term investment, business stability and integrity. It is important to remember that trust is the most valuable asset of a business; and good governance aims to protect and preserve that trust in the organisation.