The move is aimed at strengthening boardroom standards and modern governance practices. The move is expected to bring together independent and non-independent directors and professionals under one platform.
Damodaran had faced the claim running into millions of dollars following a ruling by the International Court of Arbitration in USA, which is run by the International Chamber of Commerce
UpHealth, an NYSE-listed global digital health company, won a $110.2-million (around Rs 915 crore) damages claim against Global Healthcare Systems.
Damodaran, who refrained from speculating who the 'Yogi' is, said the need is to investigate how governance lapses happened in NSE thoroughly. "The NSE management got an easy pass, and the board gave itself a long rope," he added.
Gangwal is away in the US where he is based and is not attending the AGM
There are boards in and outside India that do not understand their role, says former SEBI chief M Damodaran.
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
Unless regulatory organisations are strengthened, the executive will continue to seek preferential treatment for organisations it owns.
Former SEBI chief M Damodaran pens a fictional resignation letter from an imaginary 'bored' director.
At the inaugural session, insurance regulator IRDAI's Chairman T S Vijayan and Hero MotoCorp Chairman Pawan Munjal would be the keynote speakers, according to a release.
Net sales rose to Rs 970.3 crore for the fourth quarter, up 16.84 percent, from Rs 830.4 crore a year ago, Biocon said in a BSE filing.
In an interview to CNBC-TV18, Damodaran said he believes that while dilution in government stake and consolidation are important, it is also equally important to have at least few public sector banks.
HDFC ERGO General Insurance, one of India’s key private insurance company has been conferred the Gold Shield award by Institute of Chartered ...
Gatekeepers of Governance was organised by Excellence Enablers, where in the basic principles on which businesses remain disintegrated, were discussed.
Former Sebi chairman M Damodaran today criticised the move to set up a super regulator for all financial sectors and said what is needed instead is more freedom and autonomy for the regulators.
Amid a raging controversy over the draft IIM bill, government on Thursday said it was prepared by a committee headed by former chairman of IIM Trichy's board of governors M Damodaran and finalised after considering the observations and suggestions of the IIMs.
M Damodaran, Former Chairman, Sebi says the problem with public sector banks has been the perceived lack of empowerment, backseat driving, remote control, inappropriate selection process over the last several years. Those problems can be fixed without tinkering with the structure, he says.
Gatekeepers of Governance a two days summit comprised of nine enlightening sessions aimed at addressing the pertinent issues regarding corporate governance.
CNBC-TV18's Shereen Bhan caught up Damodaran to know more about the recommendations.
To make India a better and easier place to do business, a high profile committee has asked the government to undertake a slew of measures, including legal reforms, a friendlier and more effective regulatory framework and faster investment clearances at state-level.
M Damodaran, Former Chairman of SEBI believes there is no final solution to what could be the best structure for a regulatory authority.Damodaran points out that every regulatory organization has over the years developed its own identity and has its own philosophy to regulate that part of the financial world.