INDIACSR News Network NEW DELHI: Union Corporate affairs Minister Dr. M. Veerappa Moily has underlined the need to bring in such a good corporate Governance that is essentially about effective and responsive leadership which calls for integrity, transparency and accountability. Dr. Moily was addressing the 2nd ICSI CORPORATE GOVERNANCE WEEK here in at New Delhi [...]
By Prithvi Haldea, Chairman & MD, Prime Database To ascertain the relevance of independent directors (IDs), let’s first examine their fundamental role. I would address this issue mainly from the Indian perspective, where most companies are family-owned and family-managed. Now, look at this typical scenario. Over years, a person grows a company to a reasonable [...]
Seminar on “CSR of Mining & Power” Venue : Hotel Shreshtha, Raigarh (Chhattisgarh) Date: July 20, 2012 (9 am to 6:00 pm) For brochure please send a request to rusenk@indiacsr.in (99810 99555). Visit www.seminar.indiacsr.in for full information. By Surendra Kumar The indictment of Rajat Gupta for insider trading by a tearful 12-member jury comprising [...]
By Kumkum Sen The Adidas Group’s global acquisition of Reebok, which entailed the integration of Reebok’s Indian operations, was achieved in 2011. Reebok has been operating in India since 1991. With over 900 retail outlets in India, Reebok has operated exclusively on franchise models. It is assumed that one of the synergies factored in the [...]
WASHINGTON: A federal jury on Friday (15 June 2012) convicted Rajat Gupta, the Indian-American business icon who strode the US corporate world and moved with the country’s high and mighty, of insider trading in a case that illustrated greed, guts, and glory in America’s most successful immigrant community. Gupta, 63, a former director of Goldman [...]
“Corporate responsibility and governance need to be principle-based, rather than based on rules and frameworks that become a tick-box exercise and may invite evasion” Chandrajit Banerjee Director General, Confederation of India Industry (CII) The ministry of corporate affairs had released the National Voluntary Guidelines on Social, Economic and Environmental Responsibilities of Business in July last [...]
The guidelines can ensure sustainable corporate commitment to society but insisting on compulsory compliance is tricky Rijit Sengupta Director, Consumer Unity & Trust Society (CUTS) International “The guidelines urge firms to integrate responsible business conduct within its core business model, rather than treating the issue peripherally, as a mere PR function” Notwithstanding the Satyam scandal, [...]
THIRUVANATHAPURAM: It has reported that a major portion of the work on a national policy on corporate governance is over, according to Mr Nesar Ahmed, president, the Institute for Company Secretaries of India (ICSI). “I would say 60 to 70 per cent of the work is over,” Mr Ahmed, who was here on a visit, [...]
Seminar on “CSR of Mining & Power” Venue : Hotel Shreshtha, Raigarh (Chhattisgarh) Date: July 20, 2012 (9 am to 6:00 pm) For brochure please send a request to rusenk@indiacsr.in (99810 99555). Visit www.seminar.indiacsr.in for full information. NEW YORK: Rajat Gupta, one of the most successful Indian Americans on the Wall Street, [...]
INDIACSR News Network PUNDUCHERRY: “We think that corporate governance is something that the company directors should take care of, company’s managing directors should bother about. Of late, I am thinking that this corporate governance has more to do with student community, because if you don’t bother about governance, there is no way the companies can [...]
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