Since April 2010, when Business Roundtable last updated its Principles of Corporate Governance, Indian public corporations have continued to adopt best practices within the framework of strengthened securities market listing standards and legal requirements that developed beginning with the passage of Reform and Consumer Protection Act, Securities and Exchange Board of India act.Business Roundtable continues to believe, as we noted in Principles of Corporate Governance (2005), that the India has the best corporate governance, financial reporting and securities markets systems in the world. These systems work because of the adoption of best practices by public companies within a framework of laws and regulations that establish minimum requirements while affording companies the ability to develop individualized practices that are appropriate for them. Even in the challenging times posed by the ongoing difficult economic environment, corporations have continued to work proactively to refine their governance practices, and develop new practices, as conditions change and "best practices" continue to evolve.