Holding Private Sector Accountable
Summary
Nepal’s private sector is being urged to adopt stronger governance, transparency and accountability as festive price hikes, shortages and unfair business practices hit consumers. The article says legal enforcement alone is not enough and calls for corporate reforms, oversight and consumer protection.
Key Points
- The article argues that Nepal has focused too much on government reform while ignoring weak governance in private enterprises.
- It cites shortages, price spikes and opportunistic profiteering in essentials such as cooking gas and food items during disasters and festivals.
- A newly established Consumer Court is described as an important but limited tool that can punish abuse after the damage is done.
- The piece calls for stronger corporate governance, financial transparency and cooperation among regulators, business associations and consumer groups.
