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FTI Consulting Releases India Disclosure Index 2018

Study Finds Top 100 Listed Indian Companies Need to Improve Cyber and Sustainability Risk Disclosures

MUMBAI, India, Nov. 19, 2018 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the launch of its India Disclosure Index 2018, an annual report that tracks corporate disclosure practices amongst India’s top 100 publicly listed corporations1. The India Disclosure Index 2018 reveals an average composite Voluntary Disclosure score of 6.3 out of a maximum of 10, an average Board Quality score of 2.1 out of a maximum of 4 and an average Risk Disclosure score of 3.3 out of a maximum of 5 for all 100 companies.

FTI Consulting reviewed publicly available information in annual reports and corporate websites by the top 100 listed Indian companies to create a weighted, composite Voluntary Disclosure scoring system with 12 disclosure parameters and applied it to the S&P BSE 100 Index to create the India Disclosure Index. The 12 disclosure parameters are split and weighted in three groups, to indicate performance disclosure (two parameters), board quality (five parameters) and quality of risk disclosures (five parameters). The parameters are weighted to calculate the Composite Disclosure score for each company and then aggregated for all 100 companies.

India Disclosure Index 2018 Highlights:

Board Quality Scores:

Risk Disclosure Scores:

Commenting on the India Disclosure Index 2018 findings, Amrit Singh Deo, a Managing Director in the Strategic Communications segment at FTI Consulting, said, “Corporate disclosure quality is a good proxy for corporate governance in emerging markets. The fourth edition of the India Disclosure Index reflects regulatory changes and investor expectations on board governance, diversity, cybersecurity and sustainability disclosures, and boards and management teams should actively engage with investors on these issues. Greater transparency and better corporate governance can set Indian companies apart from emerging-market peers, which is imperative when companies are competing for global investments and capital.”

About the India Disclosure Index 2018
The India Disclosure Index 2018 is a report of corporate voluntary disclosure by India’s leading companies, by market capitalisation, as assessed on 12 publicly available information disclosure parameters. Full methodology and ranking of all 100 Indian listed companies with weighted voluntary disclosure scores (split by Performance Quality, Board Quality and Risk Disclosure Quality scores) can be found here.   

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 4,600 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $1.81 billion in revenues during fiscal year 2017. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.

1Constituents of the S&P BSE 100 Index

CONTACT: FTI Consulting, Inc. 
The Executive Centre
The Capital, 701, Plot No C-70
G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400051, India
+91.22.4050.9202

Investor Contact:
Mollie Hawkes 
+1.617.747.1791
mollie.hawkes@fticonsulting.com  

Media Contact: 
Rethu Menon
+91.22.4050.9203
rethu.menon@fticonsulting.com