Page 4 - Corporate

Women needed in boardrooms, needs mindset change: Arundhati Bhattacharya

The representation of women in corporate boardrooms needs to be "far more", and it will involve a change of mindsets, determined action and focus, Arundhati Bhattacharya, the top boss of Salesforce India and former Chairperson of SBI has said. Bhattacharya smashed the glass ceiling in 2013 when she became the first woman to lead State Bank of India (SBI) in the bank's over 200-year history. She retired from SBI in 2017 and went on to reinvent herself with a brand new career innings at the helm of cloud-based service provider Salesforce India in 2020, as Chairperson and CEO. Speaking with PTI, she said Indian businesses need to see digital transformation as a "must have" and not merely as something good to have. Organisations that have inefficient processes, data residing in silos and manual processes, or skill gaps will fall behind, unless they adopt tech and digital, she advocated. Every single sector - be it healthcare, automotive or manufacturing presents an opportunity for ...

Pernod Ricard's India head of corporate affairs Yashika Singh quits

Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week

Japan aims to raise female executives ratio at top firms to 30% by 2030

The Japanese government approved a women empowerment policy package with the target of having female executives account for more than 30 per cent of board members

Video calls will soon be 3D meetings

Google's latest video-calling solution is a combination of technologies that offers life-like immersive experience. It feels as though person is talking to another across window, not a glass screen

Corporate family feuds and the critical role of independent directors

IDs can play a vital role during family disputes by promoting corporate governance, ethical conduct, ensuring strict compliance and controls, and resolving conflicts fairly and equitably

73% job seekers prefer large corporates over start-ups, says report

With the current economic uncertainties and the recent challenges faced by the startups ecosystem, 73 per cent of job seekers interviewed said they prefer large corporations over start-ups, a report said on Tuesday. Around 73 per cent job seekers prefer stable and established companies to work with and grow within the organisation, a report by jobs and professional networking platform apna.co revealed. The report is based on a survey of 10,000 job seekers and 1,000 Human Resource recruiters. The report further stated that only 27 per cent of employees would still consider switching to start-ups for career growth. This indicates that professionals are focusing on upskilling and keeping themselves relevant to grow in their current organisation, it noted. While employers are preferring a skills-first approach, job seekers prioritise career growth opportunities, along with salary over location and commute, work-life balance and culture of the company, when searching for a job, said th

Veteran corporate lawyer Rajiv Luthra passes away: A look at his legacy

A first-generation lawyer, Rajiv Luthra set up the law firm Luthra and Luthra in 1989. The firm burnished its reputation by pioneering taxation and corporate law in India

Work from the office, get laid off at home: Was that a good idea?

With offices open again, and remote work more common, companies now have options - and it's not necessarily clear what is best for workers

More directors paid Rs 1 lakh per board meeting than before pandemic

Number of board meetings have also gone up post pandemic according to Excellence Enablers' Survey on Corporate Governance

Corporate India recognises need for flexibility, skilled workforce: Study

A significant percentage of organizations understand the current skills and development needs of their employees and are providing access to upskilling or reskilling opportunities to all employees, says a study. According to Mercer's 2023 Global Talent Trends study, 64 per cent of companies surveyed offer flexible work options for all employees and 54 per cent of organizations have total well-being initiatives. Mercer conducts a comprehensive Global Talent Trends study that includes the perspectives of CXOs, HR leaders and experts, and employees. As many as 124 HR leaders participated in the pulse survey, representing approximately 8,00,000 employees across technology, auto, manufacturing, professional and financial services sectors. Amid external challenging environmental situations laden with inflation, recession and tight labour market concerns, 45 per cent of the companies in India are redesigning work with employee well-being in mind such as realistic workload, no-meeting days

Hindenburg allegations against Adani puts investor trust in India in doubt

If Hindenburg is right, then a network of shadowy operators has placed itself right in the middle of those conflicting impulses

Variable capital firms to boost India's fund management space, says Sahoo

Such entities have a variable capital base as they issues and redeems shares on an on-going basis. With every issue or redemption, the capital base of the VCC changes

Flex spaces in demand as 35-40% of firms prefer hybrid working: Awfis study

Survey finds that 45% of companies are looking for new office spaces including conventional and flexible ones, 35% have adopted a multi-office approach by collaborating with co-working spaces

Best of BS Opinion: Chinese chequers on the LAC, women on boards, and more

Here is the best of Business Standard's opinion pieces for today

Hybrid working here to stay; 63% corporates embracing it, says survey

Hybrid working is here to stay as about 63 per cent of corporates are currently embracing the flexible model, according to a survey by Colliers India. Real estate consultant Colliers surveyed occupiers of office space to understand their current and future workplace strategies. The survey was carried out during May-June 2022 across various occupier segments and about 300 responses were received from occupiers. Small-sized (less than 500 employees), mid-sized (501-5000 employees) and large-sized firms (over 5,000 employees) participated in the survey. "Three days a week in the office seems to be the most popular mode, furthering business goals and at the same offering work-life balance to employees," Colliers India said in its report -- Hybrid working: Occupiers' narrative 2022. As per the survey, 26 per cent of occupiers are preferring 3 days a week, 17 per cent 4 days a week, 9 per cent 2 days a week and 11 per cent one day a week. As many as 28 per cent of occupiers are opting

Credit to industry hits 8-year high as corporations opt for bank funding

According to the latest Reserve Bank of India (RBI) data, loans to micro, small, medium, and large industries rose to Rs 31.82 trillion as of July end, up 10.5 per cent year-on-year (YoY).

MCA tweaks rules about company deposits, enhances statutory auditors' role

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Corporate defaults may rise again on cost pressures: Crisil report

Crisil warned of more companies defaulting on their debt obligations as it expects withdrawal of pandemic-induced relief measures coupled with volatile input prices creating cost pressures

Global dealmaking braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.

Corporate profit-to-GDP ratio attains 11-year high of 4.3% in FY22

Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions