The President and COO of the proxy advisory was talking at the launch of a new portal that will help investors and other stakeholders track and analyse RPTs
Overall, India Inc's corporate governance scores improved over the past five years despite the more stringent benchmarks, noted the advisory, in its latest report.
According to a survey by Institutional Investor Advisory Services of 63 large investors and sell-side analysts numbering 89, conducted online between April 13-21, as much as 57 percent of each of them have found "the Big-4 audit firms having lost their credibility with investors and are therefore open to move beyond them if they were banned".
Corporate governance and proxy advisory firms Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IIAS) do not resonate with Narayana Murthy's views.
"In allowing an equal relationship with Idea, Vodafone should have commanded a premium and better quality of control. But, the deal contours favour Idea Cellular," the report said.
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.
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.
The success of Apollo Tyres' acquisition of Cooper hinges on how rubber prices will behave in the international market. Global commodity prices are expected to be stable especially for rubber because a lot of capacity will be added, which is going to keep rubber prices down
With the recent announcement by ACC and Ambuja Cements, royalty payments are in the news. Institutional Investor Advisory Services (IiAS), a proxy advisory firm, recently compiled data of 25 highest royalty paying companies in India.
Institutional Investor Advisory Services (IIAS) advice to shareholders of Hindalco to vote against its preferential issue of warrants has sparked off a debate about the viability of preferential allotments.
Leading aluminium manufacturer Hindalco's plan to issue 15 crore worth of warrants to promoters could face some serious trouble.