PSUs believe that they too enjoy immunity in much the same way as the government does
Gangwal is away in the US where he is based and is not attending the AGM
CG Power's disclosures reveal numerous holes in its financial picture and adds to a growing list of Indian companies that have tripped on the corporate governance front
MF activism in corporate governance through proxy voting and institutional votes has been on SEBI agenda for long.
Proxy advisers are relatively new in India but play an important role in upholding governance standards. A SEBI working group seeks to ensure they practice what they preach.
HEG, which manufactures graphite electrodes used in the steel industry, posted record-high profits for the last fiscal after graphite prices surged.
SEBI is tightening the screws on auditor resignations, both on when they can resign and the disclosures to be made when that happens.
There is no denying that governance levels at Indigo could be strengthened. Even so, there is no taking away from the fact that the promoters have delivered – to run a profitable airline in the current environment is no small feat. The battle between the two sets of promoters will do more damage to shareholder returns than the issues getting raised by this discord.
If SpiceJet can run without a related party providing services, why not IndiGo?
Ultimately, the responsibility for holding a light to a company’s actions rests on its minority shareholders, chief among them institutional shareholders.
By proposing the use of perpetual non-cumulative preference shares to cut promoter holding, Kotak, the promoter, is guilty of not complying with the spirit of the law. So too, Kotak Mahindra Bank and its independent directors.
Sun Pharma has fulfilled its commitments by undoing two transactions that had discomfited investors. If there’s one thing it could have done better, it is making fuller disclosures
The proposed norms will help improve governance in private sector banks. Reforming boards and holding them more accountable should be the next step.
The experience over the past 12-18 months shows that investor engagement has reached a new high for Indian companies.
On its part, the company has also been making efforts to simplify and explain the earnings nuances to analysts through multiple presentations.
The whistleblower allegations have raised governance concerns at Sun Pharma. Investors are better placed in proactively raising their concerns with the board, to ensure that the new governance structure at Sun Pharma is robust, in their compliance and intent
The change in personnel, both in the cockpit and the board room of Indigo Airlines, is the topic of this episode of Digging Deeper.
Here is how Yes Bank could fare if the two namesakes manage to find an executive whose candidature is mutually amenable.
There are boards in and outside India that do not understand their role, says former SEBI chief M Damodaran.
Companies need to include stakeholders in their corporate governance agenda. While companies fight hard to balance their operating necessities with the requirements of stakeholders, it will be prudent to make stakeholders a part of their corporate governance eco-system.
Businesses that breach trust and indulge in bad practices are bound to fail. It will only be a matter of time before that happens.
You cannot go after 100 percent of the offenders, but you can hand out severe punishments so that people think ten times before they try to game the system, Damodaran said
Ajay Tyagi feels that a robust margin system is important for protecting the interests of retail investors.
An auditor in a corporate entity is one of the custodians of the faith and trust of the multitude of stakeholders.
The Godrej group patriarch also suggested the companies, especially the family-held enterprises, to ensure a better corporate governance, which in turn would turn them more competitive in the global market.