Page 11 - Corporate Governance
Stewardship code to nudge institutional shareholders to turn active
The corporate governance committee's proposal to put in place a common stewardship code may compel Life Insurance Corporation of India (LIC) and top mutual funds to play a more active role in corporate governance. At present, there is no specific provision for a 'stewardship code' under the Sebi regulations. For mutual funds, certain stewardship principles such as on voting and conflict of interest have been adopted. Insurance regulator Irdai in March 2017 issued a stewardship code for insurance companies in India."Over the years, disclosures on the voting patterns of mutual funds have gradually improved and insurance companies are now likely to come under increasing pressure to start voting on shareholder resolutions," said Shriram Subramanian, founder and managing director of InGovern Research Services, a proxy advisory firm."The code will make it a formal mandate for institutional investors to play a stewardship role, rather than remain silent spectators with respect to the ...
 "Stewardship code to nudge institutional shareholders to turn active")
Corporate governance - Do we require new rules?
In most family businesses, power is tilted towards controlling shareholder or management. So, the board is ineffective. This can't change soon
 "Corporate governance - Do we require new rules?")
Reforming corporate governance
Sebi should swiftly implement Kotak panel suggestions
Sebi panel recommends separating chairman, MD roles at listed firms
Also suggests that at least half of board members should be independent directors
 "Sebi panel recommends separating chairman, MD roles at listed firms")
Should employees get primacy in corporate governance?
Employees, who are unable to acquire new skills, are losing jobs
Executive compensation in India: Summing up the Infosys controversy
The Infosys episode shows how tricky it is to toe the line of corporate governance in India
 "Executive compensation in India: Summing up the Infosys controversy")
The many committees on corporate governance
The Birla committee suggested several mandatory and non-mandatory measures
 "The many committees on corporate governance")
Govt won't revise corporate governance norms, says Arjun Ram Meghwal
Before the institution of the National Company Law Tribunal, disputes were settled by the Company Law Board
 "Govt won't revise corporate governance norms, says Arjun Ram Meghwal")
Sebi, other regulators seek to strengthen corporate governance
It reflects that the regulatory frameworks in emerging market jurisdictions are generally aligned with the recommendations of the OECD Principles
 "Sebi, other regulators seek to strengthen corporate governance")