Page 3 - Corporate Governance

Upping corporate governance premium in private banks: What to expect

The bigger picture is that the gap in corporate governance standards between state-run and private banks is widening

OECD gives governance a refresh

The 2023 update to G20 and OECD's corporate governance norms signals progressive changes in our markets

Top-flight PSB boards needed for resilience

Asset quality of lenders has improved, but financial resilience in a system is best built in good times. It is time for the RBI to press the governance accelerator

TMS Ep542: Job market, corporate governance, IT stocks, Operation Ajay

What explains the duality in India's job market? Are Indian family businesses serious about governance? Should investors buy the dips in IT stocks? What is Operation Ajay? All answers here

Rededicate to better corporate governance: FM tells company secretaries

Finance Minister Nirmala Sitharaman on Wednesday urged company secretaries to rededicate themselves for better corporate governance, as India gears to become a developed nation by 2047. Addressing the 55th Foundation Day of the Institute of Company Secretaries of India (ICSI), the finance minister said it is time to "rededicate ourselves for and towards better corporate governance... we cannot see our value systems being diluted... corporate governance is an issue on which all of us are committed." Praising ICSI, she said, the high standard set by the institute is well recognised across the world. She appreciated the decision of the ICSI to waive off registration fee for Agniveer, defence personnel and families of martyrs for enrollment in company secretaries course. The other decision, to donate Rs 11 lakh for the education of daughters of martyrs, is also praiseworthy, she noted. The Finance Minister said the government has taken significant steps to promote ease of doing busine

Corporate governance issue wake-up call for startups: Shantanu Deshpande

Corporate governance should be seen as a collective and unit responsibility of all stakeholders involved in a startup, Shantanu Deshpande, founder of Bombay Shaving Company has said. He added that any lapses or deviations are a wake-up call for the ecosystem and are "deeply saddening". On funding winter, Deshpande told PTI that good companies will continue to attract capital, although they may not get a "bullish valuation" at this stage as scrutiny increases and investors turn more careful with their bets. Deshpande, who is also CEO of homegrown personal care brand Bombay Shaving Company, belongs to a growing tribe of outspoken founders scaling up new-age companies in India. Asked about the cases of corporate governance lapses in the Indian startup landscape, he said 'bad form' in companies is also a unit, collective issue and not about doing postmortems on singular data points. Corporate governance issues are "critical to fix", and the onus cannot be on the founders alone. "It is

Shooting sparrows with cannons?

Sebi's amendments aimed at strengthening corporate governance fail to reconcile the virtues of public disclosure and protection of private domains

Star founder Raveendran broke down in tears as crises engulfed Byju's

Without easy access to global capital, companies are now facing greater scrutiny over corporate governance, jeopardizing India's quest to pull even with the US and China as a tech capital of the world

Byju's 'regularly disregarded' advice on key matters, says Prosus

Exited Byju's board because of poor corporate governance, says edtech firm's biggest investor

Sebi receives 4,085 complaints for corporate governance violations in 4 yrs

Capital markets regulator Sebi has received 4,085 complaints pertaining to the flouting of corporate governance norms against 1,551 companies in the last four-and-half years, Parliament was informed on Tuesday. Of these, 132 complaints were received against firms in the current financial year till July 13; 640 grievances in 2022-23, 809 in 2021-22, 1,151 in 2020-21 and 1,353 in 2019-20, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. During the last four years and current year, complaints for corporate governance violations were received against several companies, including Yes Bank, Zee Entertainment Enterprises, Religare Enterprises, Adani Enterprises, Adani Ports And Special Economic Zone, Adani Power and ACC Ltd. In cases of complaints regarding violation of corporate governance norms, Sebi takes up the matter with the concerned stock exchange, which in turn, seeks comments from the concerned company, and subsequent steps are taken for

Govt orders inspection of Byju's amid financial, corp governance concerns

The corporate affairs ministry has ordered an inspection of the books of BYJU'S, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand BYJU'S, will be carried out by the ministry, which is implementing the companies law. The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI. Earlier this month, the ministry asked the office of the Regional Director in Hyderabad to conduct an inspection of the company, which is registered in Bengaluru, the official said. The official also said that further course of action will be decided after receiving the inspection report. A query sent to BYJU'S seeking ..

Financial irregularities found at Mojocare after review, say investors

Investors in the Bengaluru-based firm in a statement said that they have found financial irregularities and also said that the business model is not sustainable

How can Indian firms become strong?

Individuals and firms in India are being inhibited from the required engagement with globalisation

From board permanency to audits, India Inc lags in corp governance: IiAS

Under proposed Sebi norms, firms must get shareholder nod at least once in 5 yrs for each board seat so that promoters aren't able to retain control after losing dominant shareholding

Mutual funds beyond returns

They have an important role in improving corporate governance and deepening the corporate bond market

The Adani affair

Doubts about India's corporate governance norms and integrity of its financial markets?

World-class firms need world-class governance, says Sequoia India MD

Anandan also reiterated that if one has decided to do fraud then even the Big four audit firms can also not do much

Sustainalytics downgrades three Adani companies' governance scores

The changes would not have a major impact on the overall risk scores, a Sustainalytics director said

The idea of a board coach

To improve governance, can a coach help by holding a behavioral mirror to a board?

BharatPe makes 3 hires for corporate governance, compliance, data security

Fintech firm says it is essential to strengthen the roles as it 'focuses on getting IPO ready'