Corporate governance report by the Securities and Exchange Board of India (SEBI) panel has proposed some material changes, which can change the course of corporate action and disclosure. Nisha Poddar in conversation with panel members on specific changes. The eminent panelists are Cyril Shroff, SEBI Corporate Governance Panel, JN Gupta, Member, SEBI Panel, Amit Tandon, Member, SEBI Panel and Zia Mody, Founder, AZB & Partners.
Corporate governance and proxy advisory firms Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IIAS) do not resonate with Narayana Murthy's views.
peaking to CNBC-Tv18 Amit Tandon of IIAS said that the voting pattern at TCS which removed Cyrus Mistry reflects the conversation on the Street.
Watch panel of experts focusing on the biggest corporate power struggle that India has ever seen – the fight between Tata and Cyrus Mistry. The aim of this discussion is to get the arguments on both the sides and let the minority shareholder decide on their vote.
Rationale behind the non-competent fees is unclear, says Amit Tandon, Founder and Managing Director of IiAS. The minority shareholders will also have to bear part of the expense.
RPTs: Taking Shareholders For Granted?
Amit Tandon, MD of IIaS says at the moment both the companies have taken a big hit given where we are on the commodity cycle and on the oil and gas cycle. "So, the merger is not from a position of strength for either of them," he adds.
Rolta has denied the report from Glaucus Research which indicated fabrication of the reported capital expenditures in order to mask their materially overstated EBITDA. But Amit Tandon, MD of Institutional Investor Advisory Services is not convinced and says just a denial of charges by the company is not good enough.
Reports say that mining baron Anil Agarwal is mulling merging Cairn and Hindustan Zinc into his flagship Vedanta Group firm Sesa Sterlite to create a global natural resources giant to rival Rio Tinto or BHP Billiton.
United Spirits was under pressure after minority shareholders rejected 9 proposals, which are related party transactions resolutions at its Extraordinary General Meeting. However, sources tell CNBC-TV18 that the company is hopeful of re-approaching shareholders on the matter.
Proxy advisory firms InGovern Research and Institutional Investors Advisory Services (IIAS) have slammed the move, saying Maruti‘s minority shareholders would be short changed.
Apart from the $112.5 million break-up fee, Cooper can claim damages over 4-5 times of the mentioned amount to intimidate Apollo, feel experts
In a move that will give these investors a greater say in choosing the company's board, GSK Consumer has adopted proportionate representation using cumulative voting. Sajeet Manghat and Ashmit Kumar of CNBC-TV18 find out what this means for the boardroom.
Those for rotation cite auditor's incentive to cosy up to the management, who pay their fees, is reduced once they know they will be replaced. Its opponents argue that today‘s corporations are very complex, and an auditor must develop industry and company specific knowledge to fully understand the company's finances.
It's the battle of wills as Escorts goes head to head with IIAS. Escorts' reorganisation plan, involving three of its associate subsidiaries. is being termed as a breach of corporate governance.