Only after business has stabilised and there is visibility ahead should companies look at paying their shareholders
Independent directors have been in the eye of the storm for their inability to guide companies or being able to stand up to controlling shareholders
While the stewardship codes were first rolled out in 2017, India's experience with stewardship began earlier with Sebi's March 2010 circular.
Governance is a journey, not a destination
Institutional investors hold 41 per cent of the global market cap, with close to half of it as part of a passive strategy
The separation of the roles of the chairman and MD/CEO was bound to be contentious from the time it was mooted. Surprisingly, it took two years for industry to formally raise this issue
The corporation is more than just about sustainable production. It is about companies taking into account the social order in which they operate
Clearer commercial focus and tighter financial discipline may yield a steady steam of dividends
From principles of prudence and conservatism, which enabled auditors to certify that the numbers are "true and fair", there is a shift to "fair value"
As companies enter the new financial year, it is worth pausing and looking at the lessons that the just completed year has had to offer, and what will be on the agenda for the coming year
In a perfect world, business and political parties need to maintain a respectful distance. But given the influence policy has on the fortunes of a business, it is naïve to expect this
By focusing on pay, the regulator is signalling where its priorities lie
While Indian companies want to list off-shore, the country's strategic interests are better served if it encourages companies incorporated outside India to list on Indian exchanges
The recent roll-out of stewardship codes empowers shareholders, forcing managements to change behaviour
Investors are increasingly factoring in environmental, social and governance factors into their investment decisions