|
|
WeWork Is a Corporate Governance Nightmare.
The We Co., which is gearing up to go public next month, has attracted a whole lot of analyst and media attention. Still known by most people as WeWork, the company aims for an initial public offering valuation of $47 billion, implying radical -- and profitable -- growth for years to come. Unfortunately for those hoping to buy in on a growth opportunity, WeWork shows little sign of making good on its promised profitability. We have made this point previously, determining that the WeWork IPO represents a significant opportunity for the short side. Read More
|
|
Minimum Public Shareholding To 35% In Listed Companies – Is India Ready?
While the corporate sector was already facing increased pressure of raise in overall corporate governance norms given the pro-active enforcement of various regulatory bodies and spate of regulatory reforms, a proposal to increase the minimum public shareholding ("MPS") from 25% to 35% in listed companies as announced by the Hon'ble Finance Minister in her 2019-20 budget speech ("Budget 2019-20") does not seem to be something that the corporates are cheering about. Read More
|
|
|
|
DISCLOSURE ISSUES IN A CHALLENGING ENVIRONMENT.
The absence of effective Corporate Governance leads to a chronic informational asymmetry between Organizations and their Stakeholders. These stakeholders may be the Government, Vendors, Employees, Customers, Shareholders, amongst others, having a firm grip on the overall successes of the entity, making it crucial to maintain an acceptable degree of transparency when it comes to communicating important decisions and the basis on which they were made. Synergies can be developed only when trust prevails among the acting parties and this can be assured by means of effective, relevant and true informational disclosure. Responsible organizations seek to communicate their performance & governance, eventually paving way for lasting goodwill. When an entity is consistently publishing its reports and putting out all negatives and positives, it benefits by: Read More
|
|
|
SEBI Watch: About time share buybacks are subject to full scrutiny.
In its board meeting last week, the Securities and Exchange Board of India tweaked the norms to make it easy for companies to go for share buybacks that could comply with the requirement that the post-buyback consolidated debt to equity ratio be lower than 2-1. Read More
|
|
TPG in early talks to buy Coffee Day Global.
Private equity firm TPG is in preliminary discussions on a possible acquisition of Coffee Day Global Ltd, which owns the Café Coffee Day (CCD) chain founded by the late VG Siddhartha, two people familiar with the development told ET. Read More
|
|
|
|
|
