New Delhi [India], India has emerged as the third largest ecosystem for start-ups globally with over one lakh government recognized startups across the country by December 2023. The number has increased due to the continuous efforts of the government under the Startup India initiative. The number of DPIIT recognized startups increased from over 300 in 2001 to 1,17,254 by December 31, 2023. With the number of startups increasing in India, there is a need for a strong governance framework within the startup industry and the Confederation of Indian Industry (CII). has issued a charter that embraces sound governance practices across businesses.According to the industry body, the charter will lay a strong foundation for the continued success of these entities and help them become stable, sustainable and globally competitive in the long run and become global. CII Chairman R Dinesh says startups have undoubtedly emerged as a significant contributor to the Indian economy and early adoption of GO governance practices will help them evolve as "leaders of tomorrow". The CII Charter serves as a guide for startups, outlining the governance principles. at different stages of their lifecycle. It provides recommendations on board formation, compliance monitoring, financial oversight, risk management and stakeholder engagement, among other aspects, according to former CII Chairman Sanjeev Bajaj, "An organization's policies are based on fairness, transparency, accountability, ethical business values. They are successful in promoting commitment.“Conduct, disclosure, trusteeship and consideration of the interests of all stakeholders when conducting business. These values ​​and principles should be reinforced at all levels in an organization as part of a broader corporate governance framework. In the case of startup employment have emerged as significant contributors to the Indian economy in terms of production, share in GDP, capital mobilization, foreign direct investment, innovation and social integration. The CII document says the corporate governance charter for startups will promote integrity, transparency, accountability within emerging enterprises. According to the Charter, the role of conflict management, compliance secretarial and legal aspects, stakeholder engagement and whistle-blowing mechanisms in strengthening the governance framework of start-ups, By doing this, start-ups can build trust among investors, employees and other stakeholders, paving the way for sustainable growth based on the basic principles of accountability, transparency, fairness and responsibility, a much-discussed topic in the start-up sector. There is administration.“These guidelines can be used by startups as a ready reckoner as they move forward on the path of good governance. The Charter can serve as a self-governing code for startups in their compliance journey which they can follow as best they can. This charter aims to help startups become responsible corporate citizens and also enable them to share this with stakeholders to establish themselves to be well governed.CII said