Beyond the traditional role of a CFO, today the focus has shifted to integrity, compliance, regulation, cost control and governance. And from there to strategy because strategy today drives bottom-lines to a very large extent, whether you need to merge, divest, or whether you need partnerships and so on
Nirma‘s 7-year battle is finally over. The company made an open offer but after discovering it was unviable asked to permission to withdraw it. SEBI said no, SAT said no and this month the Supreme Court said no as well on grounds that such a practice will destabilize the securities market.
By: PR Ramesh, Deloitte India
Two years ago when the Parliamentary Standing Committee suggested the Companies Bill mandate auditor rotation, both corporate India and its auditors dissented.