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Economic Laws Practice and the Association of Independent Directors of India is delighted to invite you to attend an exclusive webinar on “Role of Independent Directors During and Post COVID-19”. In this webinar, a panel of subject matter experts will discuss:
- Temporary Relaxations in Corporate Compliances;
- Examine the legislations that have been pressed into action but were not in the Independent Directors Playbook (e.g. Epidemic Diseases Act, 1897 and Disaster Management Act, 2005) and the increased liabilities of Directors on account of this;
- Increased exposure on account of contractual breaches/cancellations, employee related issues;
- Heightened risk of fraud and compliance risk;
- Personal liability;
- Change in Laws needed as a result of Covid-19;
- Statutory duties and code of conduct mentioned under the Companies Act, 2013;
- Quality of D&O policy
Key Speakers:
- Mr G.N. Bajpai (Ex-Chairman – SEBI & LIC, Advisory Board Member – Association of Independent Directors of India)
- Mr Sujjain Talwar (Co-Founding Partner – Economic Laws Practice)
- Mr Suhail Nathani (Managing Partner – Economic Laws Practice)
- Mr Mahendra Swarup (Chairman – Association of Independent Directors of India)
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SEBI eases compliance norms on consolidated results for banks, insurers.
The Securities and Exchange Board of India (Sebi) on Tuesday liberalised guidelines governing publishing of results and other compliance norms for listed entities as it eased norms pertaining to the requirement of sending physical copies of annual reports to shareholders, proxy forms for a general meeting and dividend warrants or cheques. The regulator has relaxed the stipulation for listed banks and insurance companies for publishing consolidated financial results for June quarter now as “voluntary basis” in the wake of COVID-19. Read More
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SEBI eases minimum public shareholding compliance norms for listed entities.
Sebi has eased the 25% minimum public shareholding norms for listed companies in the wake of the Covid-19 outbreak. The regulator relaxed the requirement for companies that were to have complied with the rule between March 1 and August 31. At present, stock exchanges and depositories are mandated to take action against listed companies that don’t meet the minimum public shareholding (MPS) norms. They are also required to initiate action against the promoters and directors of such companies, including the levy of fines and a freeze on the promoter holding. Read More
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Nandan Srinath rejoins Mirchi as Executive President.
Nandan joined the company on 1st May 2020 and reports to Prashant Panday, MD & CEO. This is Nandan’s second stint in ENIL – he had been COO from 2006 to 2009 before leaving for BCCL. As Executive President, Nandan will be managing four strategic functions - Marketing, Creative Services, Digital and International business. Read More
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Credit Suisse Appoints India Head of Wealth Management.
Puneet Matta joins the bank as head of wealth management India, effective June 1 this year, relocating from Singapore to his new Mumbai-based role. Matta will report functionally to Balakrishnan Kunnambath, market group head Indian sub-continent and locally to Mickey Doshi, CEO of India. Read More
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The Growing Need for Cybersecurity in a COVID World.
The world has moved, virtually, to a new order since the COVID pandemic began. In India we’ve seen a lockdown come into force from March 24th, which continues till today in different forms, based on the zone-wise categorization of each geography. An immediate impact of the lockdown has been the confinement of people in their homes. Working from home (WFH) has become the new reality for many who are now constantly required to be online while at their residences. Furthermore, with loss of jobs, many others are also finding themselves frequently on the internet, looking for sources of earnings or for new jobs. However cyber miscreants have noted this increased online activity on relatively under-secured home networks, and are taking huge advantage of the opportunity it presents to them. These bad actors have even adopted their lures to capitalise on the COVID-19 outbreak.
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WTO chief Roberto Azevedo to step down on August 31 before his term expires
Geneva-based World Trade Organisation (WTO) on Thursday said its chief Roberto Azevedo will step down on August 31, a year before his term ends, on personal grounds. India is one of the founder members of this multi-lateral body, which frames rules for global exports and imports. Read More
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Anil Agarwal is exploring buying out investors in his Vedanta and taking it private
The businessman is proposing a price of Rs 87.5 ($1.16) per share to buy the 49.9% he doesn’t own of the company from minority investors, a 9.9% premium over Monday’s closing price, his holding company said in a statement Tuesday. The announcement confirmed an earlier story by Bloomberg News. Read More
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Good corporate governance is a great idea, but is anyone practicing it?
Whenever some major company is caught in an embarrassing scandal, whether it’s financial fraud, environmental harm, or revelations of widespread sexual harassment, scrutiny predictably is directed at the organization’s board of directors. They’re the ones, after all, who are supposed to protect the interests of shareholders by overseeing the company’s management strategy, offering advice and expertise, and keeping CEOs in line. Read More
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Seven myths on corporate governance cleared
Largely, people believe that only public limited companies or conglomerates and established companies need to be concerned about corporate governance. They feel these companies can benefit from implementing corporate governance practices; whereas the reality is that all companies—big and small, private and public, start-ups etc—compete in an environment where good governance is imperative. Read More
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The masterclass will equip delegates with necessary knowledge, skills and attitudes to communicate governance procedures to outside stakeholders including shareholders, board and government communities. The workshop will also discuss the challenges of implementing best-practices in corporate governance in the emerging markets and will focus on specific requirements of regulatory bodies.
Key Speakers:
- Mr Sharad Abhyankar (Partner, Corporate & Commercial, Corporate Governance – Khaitan & Co.)
- Mr P.H. Ravikumar (Chairman, NSE Data and Analytics International Ltd)
- Mr Rammohan Bhave (Independent Director, LIC MF Trustee Co Ltd)
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