Page 3 - Independent Directors

OYO names silver-medallist Paralympian Deepa Malik as independent director

Joins three other independent directors and one nominee director, besides Ritesh Agarwal who is the chairman

Companies need more neeti, less niyam

The key lies in training and aligning directors about the behavioural aspects of governance, not only about the laws

Govt starts process for filling posts of independent directors in PSBs, FIs

As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of directors as independent directors.

SFIO chief pulls up independent directors for washing hands of frauds

Keshav Chandra said frauds happen in companies, not just through promoters but a whole group of people who work to achieve the promoter's plan

Corporate frauds likely to spike in post-Covid set-up, says survey

Over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years

Invesco seeks EGM to remove Punit Goenka from Zee Entertainment board

Kurien, Chokhani quit Zee Entertainment board a day before AGM

HSBC Asia appoints ex-SBI chief Rajnish Kumar as an independent director

Rajnish Kumar retired in October 2020 after a 40-year career at SBI

Sebi enforces amendments to empower independent directors

The development is significant as the role of independent directors coming under scrutiny for their failure in detecting and preventing corporate frauds and promoter mismanagement.

Emcure strengthens board by including 4 new independent directors

Emcure Pharmaceuticals on Tuesday said it has strengthened its board with the inclusion of four new independent directors, including former Foreign Secretary Vijay Keshav Gokhale. The others who have joined the company's board are Shailesh Ayyangar, Hitesh Jain and Vidya Yeravdekar. Earlier this year, Berjis Desai had taken over as the chairman of Emcure Board. The company has had a long-standing tradition of appointing a Chairman from amongst its independent directors since 1997. "We are delighted to have highly accomplished industry stalwarts as part of our board. New members' combined experience and wider perspective from their respective fields, will play an instrumental role in strengthening our strategic operations to grow in domestic and international markets," Emcure Pharmaceuticals Managing Director & CEO Satish Mehta said in a statement. The drug firm aims to further augment its strengths as one of the fastest growing pharmaceutical companies in India with a global reach

Switch Mobility appoints Miranda Brawn as independent non-exec director

Hinduja Group-backed electrified commercial vehicles maker, Switch Mobility Ltd on Monday said it has appointed former Goldman Sachs and JP Morgan banker, Miranda Brawn, as an Independent Non-Executive Director. Her appointment is effective from July 1, 2021 and follows the earlier appointment of auto industry veteran J M Alapont to the Board and the recent appointment Andrew Palmer as CEO and Executive Vice Chairman, Switch Mobility Ltd said in a statement. "Brawn brings her wealth of expertise and experience across many sectors including finance, law, technology and engineering notably electric vehicles to the boardrooms of global organisations," it added. Her focus areas include corporate governance, regulatory and risk management, while trailblazing the way for the diversity, equity and inclusion (DE&I) and environment, social and governance (ESG) agenda in the corporate boardroom, the company said. Commenting on the appointment, Switch Mobility Chairman Dheeraj Hinduja ...

Best of BS Opinion: Four years of GST, towards better governance & more

Here are the best of Business Standard's opinion pieces for Thursday

Promoters of over 500 listed firms lose monopoly over independent directors

Voting threshold in favour of appointments will now be 75 per cent, according to Sebi norms.

Towards better governance

New norms for independent directors need strict monitoring

Sebi overhauls norms for appointment, removal of independent directors

Move designed to reduce sway of promoters; regulator also prunes minimum application amount for REITs and InvITs to Rs 10,000-15,000.

Zomato breaks gender divide and glass ceilings amid second Covid-19 wave

Even as 20% of its staff face some kind pandemic stress, the firm has put in place an equal leave policy and level playing field for staff

Best of BS Opinion: Legality versus morality, rising Covid-19 cases & more

Here's a selection of Business Standard opinion pieces for the day

Legality versus morality

Law and morality are often not aligned. Apart from regulations, we must consider the difficult perspective of character versus morality by exploring "behavioural corporate governance"

Board rules for fair play

Corporate India may not be too thrilled, but Sebi's proposals on independent directors are good for India's governance credentials

IBBI upholds resolution professionals' independence under pre-pack schemes

In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed as resolution professional if they are independent of the corporate debtor.

Mirages in corporate governance

The issue of separation of powers between corporate owners and professional managements has become a hardy perennial in the Indian corporate governance discourse