AIDI Round Up: Corporate Governance Newsletter

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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.
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RBI Approves Murali Ramakrishnan as South Indian Bank's new MD

The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as the MD and CEO of South Indian Bank with effect from October 1. In a regulatory filing on Thursday, the bank said that the RBI approved the appointment for a period of three years through a letter dated September 2. Ramakrishnan, 58, retired from the ICICI Bank as Senior General Manager at Strategic Project Group on May 30 and joined the South Indian Bank as an Advisor on July 1. Read More
Rise of Another Indian: Akshay Naheta Climbs the ladder at SoftBank Corp

Akshay Naheta is the latest SoftBank Senior Executive to catch the eye of the Japanese Group’s Founder and Mercurial Technology Billionaire, Masayoshi Son, following the rapid rise of Nikesh Arora and Rajeev Misra, who currently heads its famed Vision Fund. The Mumbai-born executive’s ascent within the technology-to-telecoms conglomerate is likely to get a further boost as he spearheaded the just announced mega sale of SoftBank’s Arm Holdings to US chipmaker Nvidia for $40 billion, among the largest transactions Executed in the Semiconductor Industry. Read More
Enforcement Directorate to probe money laundering case against Naresh Goyal, his wife: Report

The Enforcement Directorate (ED) on Thursday obtained permission from a local court allowing it to probe a money laundering case against Jet Airways founder Naresh Goyal and his wife, according to a report by The Economic Times. This comes after the Mumbai police’s decision to close the case of cheating in June, filed against the couple. Read More
Mistry Group: Tatas Blocking Share Pledge Vindictive, to Cause Irreparable Damages

On September 5, Tata Sons had moved the Supreme Court seeking to restrain the Mistry group from raising capital against their Tata Sons shares. Through the petition, the Tatas have sought to prevent the SP Group from creating any direct or indirect pledge of shares. Read More
Daimler to Pay $2.2 Billion in Emissions Cheating Settlement

Daimler AG will pay $2.2 billion violating U.S clean air laws and to resolve claims from 250,000 US vehicle owners, court documents show. The German automaker and its Mercedes-Benz USA LLC unit disclosed on Aug. 13 it had reached a settlement in principle resolving civil and environmental claims tied to 250,000 US diesel cars and vans after the automaker used software to evade emissions rules. Read More
Yes Bank Repays Entire Rs 50,000 Cr SLF Dues To RBI

Yes Bank has fully repaid the Rs 50,000 crore provided by RBI as a special liquidity facility (SLF) amid the crisis faced by the lender earlier this year, its Chairman Sunil Mehta said on Thursday. He further said FY21 will be a year of transition for the bank, which has just come out of an unprecedented Rs 10,000 crore bailout led by SBI after setbacks received under the founding team. Read More
Corporate frauds have become a threat to organizations in the highly competitive digital environment of today. Uncertain economic conditions and increasing business & technological complexities have made the corporates highly vulnerable to fraud and corruption, globally. This second edition of experiential workshop on corporate fraud investigation will focus on prevention, detection, and investigation of corporate frauds. It will help the participants to get well-versed with the successful tactics and techniques of detecting potential frauds and combating fraudulent activities that may happen in any organization. The workshop will give you focussed solutions that can be immediately put into practice to prevent fraud through case studies of real corporate frauds that have occurred in the recent past.
 
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The Association of Independent Directors of India (AIDI) is formed with the primary objective of advancing exemplary board governance and establishing leading boardroom practices in India. As a non-profit, we are committed to facilitating healthy interface with the government to promote effectiveness of the Board as per the Companies Act, 2013.

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