Leadership in Corporate Reporting Policy at Tata Steel

Abstract:     
The case describes the challenges faced by Tata Steel, India's largest private-sector steel company, as it transitions from Indian GAAP to IFRS. It first describes those challenges in the context of the institutional voids that make IFRS adoption difficult in India. The case then focuses on how companies in emerging markets might represent their interests at the IASB, the standard-setting body for IFRS.

Learning Objective:
The case illustrates the challenges faced by multinationals in emerging markets as those markets transition to IFRS. It also discusses the role for leadership by multinational corporations in setting IFRS.

working papers series