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Why India Needs Activist Shareholders

Why India Needs Activist Shareholders

Over the past year, the ministry of corporate affairs, and the Securities and Exchange Board of India (Sebi) have implemented several key regulatory changes to make companies more accountable to shareholders. But the provisions on corporate governance and minority rights will have teeth only when India’s institutional investors—insurers and mutual funds—take the lead in exerting [...]

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Western Governance Models May Not Work In Asia

Western Governance Models May Not Work In Asia

MUMBAI: Governance expert Professor Colin Mayer says Japan’s experiences in the 20th century are a warning against importing institutional structures and regulations. As Japan tries once again to reform corporate ownership, and as China and other Asian nations start to establish the institutions that they will need for the promotion of their stock markets, Professor [...]

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Is Corporate Governance Really Working?

Is Corporate Governance Really Working?

By Paul Moxey Corporate governance is not a new concept, but how well corporate governance works in practice to help businesses create value is a different matter. In February ACCA (the Association of Chartered Certified Accountants), the global accountancy body, launched a detailed consultation paper ‘Creating value through governance – towards a new accountability’. It [...]

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RBI: Ensure Corporate Governance In Public Sector Banks

RBI: Ensure Corporate Governance In Public Sector Banks

KOLKATA: Reserve Bank of India has written to the government to ensure corporate governance in public sector banks in the light of what happened in United Bank of India. The Kolkata-based UBI was in a midst of a crisis last couple of months after its sticky loans rose to 11 per cent of total loans [...]

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MCA To Ascertain Whether Financial Technologies Violated Norms

MCA To Ascertain Whether Financial Technologies Violated Norms

Mumbai: The Ministry of Corporate Affairs is looking to ascertain whether Jignesh Shah-led Financial Technologies violated laws, especially with respect to carrying out its duties as a holding company. Financial Technologies (India) Ltd (FTIL) is the flagship company of Shah Group, whose firm National Spot Exchange Ltd (NSEL) is grappling with a Rs 5,600 crore payment [...]

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Ethics In Governance

Ethics In Governance

By UD Choubey Regulations are designed keeping in mind the best possible practices of ethics. But ethics supersede regulations, since frauds do occur even if the best regulations are in place. Ethics are the sine qua non of the best practices in corporate governance. More and more leaders in business are waking up to the [...]

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SEBI To Issue Details Of Corporate Governance Norms

SEBI To Issue Details Of Corporate Governance Norms

Market regulator Sebi will soon come out with a detailed framework for the implementation of new corporate governance norms that pertain to protecting whistle-blowers, having orderly succession plans and keeping at least one woman director on company boards. A circular with regard to detailed corporate governance norms for listed companies is in the process of [...]

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Listed Companies Must Comply With Corporate Governance Policies

Listed Companies Must Comply With Corporate Governance Policies

Oscar Onyema, Chief Executive Officer of the Nigerian Stock Exchange says it has become imperative for public quoted companies on the Nigerian Stock Exchange to comply with institutional corporate governance policies or face sanctions. Speaking at the Breakfast Session held recently in Lagos by the Society for Corporate Governance Nigeria, Onyema stated that the Exchange [...]

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Corporate Governance Must Conform To Global Trends: SCOPE

Corporate governance norms in the country must be revised in keeping with the changing global trends, while there is the need for greater autonomy and empowerment of the public sector enterprise boards with the establishment of a holding company of leading PSEs, the Standing Conference of Public Enterprises (SCOPE) has said. At a national workshop [...]

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IRMA To Organise Roundtable On CSR

AHMEDABAD: The Institute of Rural Management-Anand (IRMA) will organise a roundtable dialogue on the theme ‘CSR – The Road Ahead’, at Anand on March 24 and 25. Policymakers, academia, corporate bodies (both private and public sectors) and Non-Government Organisations (NGOs) will participate in the event to evolve policy directions for Corporate Social Responsibility (CSR) expenditure [...]

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