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Jack Ma steps down as chairman of Alibaba Group.
Jack Ma will continue to serve on Alibaba's board until the annual general shareholders' meeting in 2020. He will also continue to remain a lifetime partner of Alibaba Partnership, a group comprising of 36 members who have the right to nominate a majority of the company's board of directors. Read More
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WeWork may make governance changes to proceed with IPO: Report.
WeWork may make changes to its corporate governance ahead of its initial public offering to reassure wary investors, Bloomberg News reported Tuesday night. It was unclear what changes WeWork's parent company, We Co., might make. Read More
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The Companies (Amendment) Act, 2019 (“Amendment Act”), received the assent of the President on July 31, 2019. With the Amendment Act, Central Government seeks to ensure more accountability and better enforcement to strengthen the corporate governance norms and compliance management in corporate sector. The key amendments of Amendment Act are as follows: Read More
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Japan govt supports resignation of Nissan CEO Saikawa amid push for corporate governance reforms.
The Japanese government on Tuesday said it supported the decision of Nissan Motor Co. CEO Hiroto Saikawa's decision to step down for accepting huge amounts in overcompensation from an executive remuneration scheme at the automaker. Read More
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Fraud-hit CG Power CEO K N Neelkant resigns from all subsidiaries of the company.
Neelkant confirmed resigning from the subsidiaries but said he believed that investors and lenders would not want him to step down from CG Power in the "best interest" of the company. Read More
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