Page 4 - Corporate Governance

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'

ICRA downgrades PTC Financial Services short-term rating over operations

Failure to improve business volumes may impact profitability of Delhi-based NBFC, says agency

Two internal candidates in race for Hindustan Unilever CEO position

"This step is in the right direction in embracing progressive corporate governance practices," HUL said in its statement

Market regulator Sebi plans simplified BRSR, ESG rating regulations

Buch calls for independence of emerging economies in ESG matters, carbon credit pricing

Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr

This is the second block deal by Invesco in seven months, which offloaded 7.8% stake in Zee Entertainment in April

Tata alters policies to consolidate group operations under one umbrella

In 2000, Tata first amended the Tata group retirement policy of 70 years to bring in younger leaders and remove older directors

Corp governance focus must for building world-class cos: Sequoia's Anandan

Speaks of potential to create 100 million jobs, generated by both big tech and startups in areas such as food delivery, ride-hailing, energy storage and agritech

No performance riders on ESOP grants to founders of India's new-age firms

Experts question why such endowments in India's new-age companies are not comprehensively linked with performance targets

Max Group chairman rejects media reports about plea before NCLT

Analjit Singh says company will contest allegations of corporate governance.

BS Awards for Corporate Excellence: Power-packed jury to pick winners today

The jury will select the best in corporate India from a list based on financial data as well as qualitative aspects