You are browsing entries filed in “ Corporate Governance ”

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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ICC Hosts Conference on Corporate Governance

Kolkata: The Indian Chamber of Commerce (ICC) in collaboration with the National Foundation for Corporate Governance (NFCG) recently hosted a mega conference on corporate governance in financial institutions and Non-bank financial companies (NBFCs), here. The conference was a significant platform which assessed the present scenario of the financial sector against the backdrop of the dynamic [...]

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eBay Corporate Governance Worst Ever: Icahn

eBay Corporate Governance Worst Ever: Icahn

NEW YORK: Billionaire activist investor Carl Icahn said that corporate governance at e-commerce giant eBay Inc, in which he is a shareholder, was the worst he had ever seen. “I’ve never seen worse corporate governance than eBay,” Icahn told CNBC television. Icahn, who has a 2.15% stake in eBay, is known for taking large stakes [...]

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Diageo Seeks To Tighten Governance Norms at USL

Diageo Seeks To Tighten Governance Norms at USL

Bangalore: Diageo Plc., the world’s largest distiller, is tightening corporate governance practices at United Spirits Ltd (USL) and the UK-based company has hired a consulting firm to vet USL’s contracts with other UB Group companies to ensure these agreements are “arm’s length transactions”. Deloitte, which has been working with USL on various projects, has been asked [...]

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Rise Of Corp Governance Activism In India

Rise Of Corp Governance Activism In India

While corporate governance has acquired prominence in India for nearly two decades now, it has taken centre-stage more recently due to wide-ranging reforms. The new Companies Act, 2013 has ushered in significant changes in the way companies are to be managed and governed. Consistent with this approach, the Securities and Exchange Board of India (SEBI) [...]

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FICCI Establishes Centre for Corporate Governance

FICCI Establishes Centre for Corporate Governance

NEW DELHI: Industry body Ficci today announced the setting up of an in-house centre to enhance corporate governance standards in India and provide services in this area internationally as well. The centre will be chaired by Chairman of Shriram Capital Ltd Arun Duggal and will have its own Advisory Board, staff and funding. One of [...]

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United Bank Faces Corporate Governance Probe

United Bank Faces Corporate Governance Probe

New Delhi: The crisis-hit United Bank of India, which has run into losses amid suspiciously high bad loans, now faces fresh probes for possible lapses related to auditing and corporate governance norms. Capital market regulator Sebi has received complaints about possible violations to its corporate governance norms at the bank, while it may also look [...]

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Amul chairman Vipul Chaudhary gets interim relief, HC stays no-confidence resolution

NEW DELHI: Amul chairman Vipul Chaudhary, facing dismissal by his board, got a breather from the Gujarat High Court, which stayed the no-confidence resolution which the directors were scheduled to consider on Saturday. Fourteen out of 17 members of the board of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns the Amul brand, had [...]

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Boardroom Battle: Amul to Consider No-confidence Motion Against Chairman Vipul Chaudhary

Boardroom Battle: Amul to Consider No-confidence Motion Against Chairman Vipul Chaudhary

NEW DELHI/AHMEDABAD: The country’s largest dairy brand, Amul, is embroiled in a bitter boardroom battle as many directors have hurled allegations of financial irregularities and misconduct at the politically powerful Chairman Vipul Chaudhary and demanded his removal. The board of the Gujarat Cooperative Milk Marketing Federation (GCMMF), which owns the Amul brand, will consider a [...]

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