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Govt Considering Godrej Panel Suggestions on Corporate Governance

NEW DELHI: The government is looking into a report on corporate governance prepared by the Adi Godrej panel, which looked into various aspects including the necessity of a formal policy on the issue. The committee, headed by industrialist Adi Godrej, was set up by the Corporate Affairs Ministry in March 2012, against the backdrop of [...]

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Independent Directors, Investors Key to Good Governance: Sachin Pilot

Independent Directors, Investors Key to Good Governance: Sachin Pilot

NEW DELHI: With two-third of companies in the country being family-owned, independent directors and minority investors need to play a stronger role in ensuring good corporate governance, Corporate Affairs Minister Sachin Pilot has said. “We as a government can only provide the regulatory mechanism. We can only give an environment where good corporate governance takes [...]

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Corporate Governance Rating: A Tough Task

Corporate Governance Rating: A Tough Task

By Sandeep Singh Credit rating of corporate governance is a highly unusual concept for India, which the Securities and Exchange Board of India has brought on to the table in its consultation paper on the subject. Rating of corporate governance has its share of controversy. Abroad, companies like GMI Ratings and Moody’s do social and [...]

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Good Corporate Governance Cannot be Legislated

Good Corporate Governance Cannot be Legislated

Aswath Damodaran, professor of finance at Stern School of Business, shares his thoughts on investing in India. Aswath Damodaran is known for his books on valuation, including Damodaran on Valuation and the recent The Little Book of Valuation. What is common between Aswath Damodaran and Forrest Gump, one a widely published professor of finance at [...]

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Corporate Governance More Important Than CSR

Corporate Governance More Important Than CSR

By Karthik Kumar The Companies Bill 2011, passed by the Lok Sabha in the winter session of Parliament, claims that the concept of Corporate Social Responsibility (CSR) is being introduced in this edition of the Bill. And what, according to the Bill, constitutes Social Responsibility is articulated in Schedule VII. The first two of the [...]

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Nearly 200 Firms Found Lacking on Corporate Governance Norms

NEW DELHI: Nearly 200 listed firms have come under regulatory scanner for discrepancies in their quarterly Corporate Governance Reports, wherein they are required to provide details of compliance with norms governing board of directors, use of public funds and CEO salaries. Besides, hundreds of other companies have been found to be late in submission of [...]

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New Provisions in Company Bill 2012

New Provisions in Company Bill 2012

INDIACSR News Network The Companies Act 1956 is all set to be replaced by the Companies Bill 2012 which was passed by the Lok Sabha on 18th December 2012. Here are new provision added in the Company Bill 2012: 1. Inclusion of whole-time director in the definition of ‘key managerial personnel’. 2. The term ‘private [...]

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SEBI Issues a Consultative Paper on Review of Corporate Governance Norms in India

SEBI Issues a Consultative Paper on Review of Corporate Governance Norms in India

  Times of India reported that Market regulator Sebi on Friday released a consultative paper on corporate governance which proposes splitting of the post of chairman-cum-managing director, giving greater responsibilities and powers to independent directors. The regulator also pitched for aligning rules relating to listed entities along with the proposed Companies Bill that is awaiting [...]

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Centre Tightens Noose on Corporates By Kumkum Sen

Centre Tightens Noose on Corporates By Kumkum Sen

Kumkum Sen Finally, at the fag end of the winter session, the Companies Bill 2012 was passed by the Lok Sabha and now awaits clearance by the Rajya Sabha before it undertakes the complicated process of being notified and coming into effect as the applicable law. It’s been a long and painful gestation since 2002, [...]

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New Rules for Independent Directors on Boards of PSUs Issued

Under the guidelines, independent directors are expected to arbitrate in the interest of the company as a whole NEW DELHI: The government has come out with a set of guidelines for independent directors on boards of PSUs, defining their roles and responsibilities aimed at improving corporate governance in state-owned companies. Earlier, the Department of Public [...]

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