Corporate Governance
Corporate Governance News
Govt plans to tighten rule for auditors after instances of misdeeds; to bolster corporate governance framework
In recent times, some auditing entities as well as auditors have come under the regulatory lens in connection with alleged misdoings at companies as well as for quitting audit work of corporates on various grounds
Chanda Kochhar quits: Twitterati terms resignation as 'shocking' while some find CEO-Videocon association a 'lethal combination'
Chanda Kochhar's resignation led Twitterati to take to the micro-blogging site to comment on the latest development.
IL&FS crisis shows warts of smart alec financial engineering; govt must treat it as opportunity for reform
The IL&FS crisis is best treated as an opportunity to end a PPP mess so that the role of the state and private sector companies are properly delineated with clarity on accountability at various levels.
IL&FS crisis: Eight charts present financials, other details of cash-strapped infrastructure conglomerate
The IL&FS has come under the scanner of multiple regulators, including SEBI, for alleged defaults related to financial disclosures and corporate governance.
ICICI Bank AGM: Shareholders seek clarity on allegations of impropriety against CEO Chanda Kochhar
Many shareholders sought stern action from the bank on any misdoings on the part of Chanda Kochhar, while some also called for a restructuring of the top leadership given the allegations and questioned the board for initially backing her.
In a move to bolster corporate governance, govt plans exams for individuals looking to become independent directors
At a time when the government is making efforts to make its role minimal in the affairs of corporates, the role of independent directors is more vital.
Uday Kotak flags concerns over voting power of global proxy advisory firms post Deepak Parekh re-appointment incident
Last week, nearly 23 percent of investors voted against the special resolution for re-appointing Parekh as a director on the board of mortgage lender HDFC.
Govt orders probe into alleged corporate governance lapses; 13 cases referred to serious fraud investigator
Corporate affairs minister Piyush Goyal claims corporate governance standards at public sector banks (PSBs) are much better than before.
SEBI proposes new rules to penalise auditors, valuers: Is the market watchdog overstepping its mandate?
Curiously, while SEBI lays down duties as well as the punishment for auditors and others, it does not give them specific powers.
Tata-Mistry feud: NCLT says chairman doesn't enjoy a free hand; board not at his beck and call
In a 368-page order, which was made public on Thursday, the bench also said that Mistry's wrong assumption that he had a free hand to run the affairs of the Tata Group perhaps caused all the problems and that Tata Sons board was 'competent' to remove its chairman.
Cyrus Mistry-Tatas feud: Moot point is minority shareholders' rights; everything else is secondary to that, opine experts
The Mistry-Tatas feud will be tracked closely by analysts and the industry, who expect the row to spawn a new framework that will drive corporate boards.
Ratan Tata-Mistry feud to go on: Cyrus to challenge NCLT order, to pursue appeal on merits
An NCLT order can be challenged before the National Company Law Appellate Tribunal (NCLAT), and an NCLAT's decision can be challenged in the Supreme Court.
Infosys to announce June-quarter results on 13 July; investors watch out for management's narrative on governance issues
Investors will not only be keen on Infosys's scorecard for the June quarter and its take on the demand environment for tech services,
Govt to improve norms for auditors, corporate professionals, says union minister P P Chaudhary
Union Minister P P Chaudhary's comments come against the backdrop of some auditing entities coming under the scanner of the Corporate Affairs Ministry following various complaints
Bank frauds: Naive to think state ownership can improve governance, says Asia’s richest banker Uday Kotak
Amid rising frauds in banking and conflict of interest allegations against ICICI Bank's Chanda Kochhar, banker Uday Kotak has said it is "naive" to think diversified or state ownership is a panacea for good governance as lenders
Ravi Venkatesan steps down from Infosys Board; plans to pursue an ‘exciting new opportunity’
An independent director since 2011, Ravi Venkatesan also served briefly as Infosys' co-chairman before successfully transitioning this responsibility when Nandan Nilekani became chairman in August 2017
ICICI Bank says brother-in-law not a ‘relative' under Companies Act: The sorry state of corporate governance laws
ICICI's clarification about one's brother-in-law not being a 'relative' as per the Companies Act highlights a flaw in corporate governance practices adopted by Indian firms.
Finance minister Arun Jaitley to brief RBI and Sebi board on Budget tomorrow
Finance Minister Arun Jaitley will address the boards of the Reserve Bank and markets regulator Sebi tomorrow, highlighting various financial sector reforms announced in the Union Budget 2018-19
Cyrus Mistry alleges Tatas did nothing to better corporate governance
Ousted Tata Sons chairman Cyrus Mistry today alleged that group patriarch Ratan Tata and others had recognised the need for an effective governance framework at Tata Sons but did nothing about it.
Harassment case against Mahesh Murthy: Sexual misconduct is about power imbalance
What can startups do to ensure they do not foster a toxic environment for women and other minorities?