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Get this: 200 listed firms flouting corporate governance norms
These firms have come under regulatory scanner for discrepancies in their quarterly Corporate Governance Reports, wherein they are required to provide details of compliance with norms governing board of directors, use of public funds and CEO salaries. #ThatsJustWrong #Corporate governance #SEBI #India Inc
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A first: TCI suit against CIL becomes a mass tort claim
A UK hedge fund has been allowed to convert its case against Coal India into something akin to a class action suit. #Corporate governance #coal india #TCI #Class Action Suit
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Corporate governance policy in two months: Moily
In recent times, there has been rising concerns over governance issues in the corporate sector. #Adi Godrej #NewsTracker #Corporate governance #M Veerappa Moily
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Committee to examine top exec pay packages in loss-making firms
In recent times, concerns have been raised about corporate governance issues over exorbitant pay packages of top executives, such as CEOs and executive directors. #Adi Godrej #Corporate governance #ThingsWeLike #Pay package
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Irda is about to give LIC, govt a free ticket to imprudence
The insurance regulator is planning to allow all insurers to hold more than the prudential limit of 10 percent in any one company. This is just to help LIC and the government #Corporate governance #SEBI #Irda #LIC #Regulator Watch
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UK investor sues govt for messing around with Coal India
A UK-based hedge fund has finally sued the government for shortchanging investors by interfering with the commercial decisions of Coal India Ltd #Corporate governance #coal india #TCI
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Oil cos' profits are largely fiction: It's done with mirrors
Both the government and the oil companies are presenting accounts that bear little resemblance to reality. #Corporate governance #Oil subsidies #IOC #BPCL #HPCL #OMCs #Cooking The Books
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Some global banks more powerful than central banks: Y V Reddy
Former RBI governor Y V Reddy lashed out against rating agencies and accounting firms saying that they enjoy an oligopolistic power over the markets, and said that some large international banks enjoy significant influence over political economy . #Credit rating agency #Finance #Economy of India #Corporate governance #TheySaidIt #Y V Reddy
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Coal India may cut e-auctions, lose Rs 5,000 cr annual sales
Coal India will lose Rs 5,000-6,000 crore annually if it has to reduce e-auction sales and divert the coal to power companies #Corporate governance #coal india #Coal e-Auctions
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Investor advisory firm seeks change in Infosys' auditors
Institutional Investor Advisory Services India, has advised shareholders of Infosys to vote against a resolution seeking the reappointment of its statutory auditors BSR & Co to ensure more transparency #Infosys #Corporate governance #oil marketing #Satyam Computer Services Limited #The Children Investment Fund