The global power industry experienced a 51% drop in company filings mentions of corporate governance in Q3 2022 compared with the previous quarter, with the highest share accounted for by NTPC with 8% year-on-year increase, according to GlobalData’s analysis of over 502 power company filings.
Notably, corporate governance was one of the most frequently referenced themes in Q3 2022, ranking highest in terms of mentions, ahead of social and Covid-19, according to GlobalData’s whitepaper on Corporate Governance in Power – Filings Trends in Q3 2022.
Of the 50 leading companies in the power industry, NTPC had the greatest increase in references for corporate governance in Q3 2022, compared with the previous quarter. GlobalData identified 484 corporate governance-related sentences in the company's filings - 96 % of all sentences - and an increase of 2588% in Q3 2022 compared with Q2 2022. Adani Transmission’s mentions of corporate governance rose by 2172% to 250 and Adani Power’s by 100% to 245.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q3 2022 was 101.