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With Best Compliments From Team AIDI!
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SEBI Tightens Reigns On Corporate Governance Yet Again.
SEBI adopted 42 out of the total 81 recommendations made by the Uday Kotak committee as of now, only 14 have made their way in the Amendments. While most of the amendments will come into force on April 1, 2019, the Amendments provide for a phased timeline of October 1, 2018 to April 1, 2020 for the remaining. The period of 18 months will enable companies to adjust to new governance requirements as well as overcome any implementation challenges. Read More
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A 'Twist' On Top Ten Governance Trends For 2019.
A twist, but hopefully not twisted . . . a slightly different take on developments likely to impact corporate governance in 2019. A list that doesn’t mention shareholder activism, cybersecurity, climate change, the Tax Cuts and Jobs Act, nor SEC regulation. What follows are perspectives offered from a slightly higher altitude but still within sight of the tarmac. Read More
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AIDI Announces The Launch Of Its Exclusive Premier Networking Forum: "DIRECTORS' CONNECT"
The Advisory Board of Association of Independent Directors (AIDI) is delighted to invite you to an exclusive membership of our premier networking group: “Directors' Connect”. The Directors’ Connect is conceived as a result of expressed interest from many of our active highly engaged members. It is an exclusive invitation-only networking forum primarily for Board members and Senior Executives with the potential to become Board Members. This provides an opportunity to listen to thought leaders and seasoned industry experts on key Corporate Governance issues. The forum also provides a platform for an exchange of notes on governance practices in different organisations and share insights, perspective, and experiences on key issues to fulfil one's fiduciary responsibilities effectively. The Directors’ Connect event will be tailored to the needs of participating board members and will be characterised by debate and exchange, relevance and impact. Each such event will be grouped by role, company type, industry and sector so that each meeting is focused relevant and topical. Directors' Connect will be aimed at providing deep meaningful insights into issues, trends and developments, delivered in an interactive, highly concentrated format by seasoned subject matter experts.
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Ministry of Corporate Affairs aims improved governance standards, ease of doing biz in 2019.
Focused on further improving corporate governance practices, the Ministry of Corporate Affairs will strive to ensure a positive co-relation between high standards for governance and ease of doing business in 2019, according to a senior official. 2018 witnessed the IL&FS crisis and the Punjab National Bank fraud that rattled investor sentiments, the corporate affairs ministry will look forward to raising the governance standards as well as move ahead with various other reform measures. Read More
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Watch out corporate India, ‘active activism’ by institutional investors is next.
We are seeing increased activity by shareholders in corporate India. Resolutions which seems prejudicial to the interest of the public or institutional shareholders or on aspects of governance, are being defeated. An IIAS study shows that 75 resolutions have been defeated in the past four years, whereas traditionally, resolutions would be passed without question. Read More
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Needed: A #MeToo Campaign For The Corporate World?
A saddening revelation that came through a recent study is that women held under a quarter (24%) of senior roles across the world in 2018, a decrease from 25% in 2017. This can easily be linked to sexual harassment and provides for further evidence of this issue, KPMG disclosed that 7 of its UK partners left the firm citing similar reasons over the past 4 years, Delloite had to lose 20 partners because of the same and auditing heavyweights, PwC and EY, followed suit, and revealed that they fired 5 people for such ghastly behaviour. These overriding issues not only lead to economic losses, but severe reputational damage that can have a direct impact on the company’s trading performance, making it a compulsion for companies to resort to stringent disciplinary measures to prevent the recurrence of such distressing violations. Read More
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