<h1>India's Expert Group Recommends New Independent Body to Elevate Valuation Standards and Corporate Governance.</h1> The Expert Group, constituted by the Indian government, has recommended establishing an Institute of Valuation Professionals as an independent regulatory body to enhance the valuation profession's standards. Chaired by Dr. Amit Mitra, the group proposed the institute focus on business valuation, crucial for corporate governance. It suggested a common certifying examination and integrating experts in various asset valuations. The institute would be governed by a Council of Valuation Professionals, with independent disciplinary mechanisms to ensure public confidence. The group's recommendations aim to develop valuation as a distinct profession, essential for the evolving financial markets and global economy.