AIDI Round Up: Corporate Governance Newsletter

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This Masterclass will Equip Delegates with the Necessary Knowledge, Skills and Aptitude 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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SEBI Bars DHFL Promoters From Accessing Securities Market
 
It also restrained them from associating themselves with any listed public company and any public company as directors or promoters which intends to raise money from the public or any intermediary registered with SEBI. Referring to the initial report of the Transaction Auditor, SEBI noted that DHFL has entered into certain fraudulent transactions, which were shown as bonafide transactions in its published financial statements as well as corporate announcements disseminated in the public domain. Read More
Independent Directors In Many Companies Not Playing Due Role: BSEC

The other suggestions include nominee directors should not be treated as an Independent Director, Independent Directors' panel to be prepared based on the qualification, long experience as a director, business knowledge and ethical leadership, fixation of adequate fee and remuneration, proper performance evaluation of the directors, concept needs of independent directors to be inducted in non-listed companies and state-owned organizations and ensuring training / induction for such directors. 
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AGENDA:
1. Opening Remarks – Ranjit Shastri, Managing Partner, X-PM India (5 mins)
2. Talk on CEO Coaching in a Crisis – Vikas Verma, Partner, X-PM India (30 mins)
a. Introduction to Coaching as a Performance Tool
b. A Perspective on Mentoring vs Coaching
c. Mechanics of Executive Coaching using the SPARKLE Model
d. Case Study
e. Board Director as a Coach
3. Q&A Session – Moderated by Amal Das, Partner, X-PM India (20 mins)
4. Closing Remarks – Amal Das (5 mins)

Please Click on the Join Now Button and enter the following details to Join the Programme at 16:00 HRS on September 28, 2020. 

Meeting ID: 882 5582 0306
Passcode: 666841

Furthermore, you can Submit any of Your Queries During and After the Webinar by Using any of the Following Options:
  • Use the Chat Option by Clicking on the Q&A Button on Your Screen During the Webinar.
  • Send Us an Email on info@aidindia.co.in Or india@x-pm.com After the Webinar.
It will be Our Endeavor to Address all Incoming Queries during the course of this Webinar. However, in case any Question remains Unanswered due to the Paucity of Time, we will Connect with You through Email. We Look Forward to Your Comments and Questions.

***This is an Exclusive Invitation-Only Event & there is no Registration Fee***

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CAG: Centre Broke The Law, Used Funds For GST Compensation Elsewhere

Elaborating, the report says: “During 2018-19, there was budget provision of Rs 90,000 crore for transfer to the Fund and an equal amount was budgeted for release to States as compensation. However, though Rs 95,081 crore was collected during the year as GST compensation cess, Department of Revenue transferred only Rs 54,275 crore to the Fund. Read More
 
Opinion: IBC Remains Suspended But Its Spirit Lives On

Gazette notification dated 5th June had suspended the insolvency invocation sections i.e. section 7, 9 and 10 of Insolvency and Bankruptcy Code, 2016 (IBC) with effect from 25th March. This gave the impression that the insolvency proceeding mechanism has come to a halt and India may go back to the pre-IBC regime. Read More
Please Click on the Join Now Button and enter the following details to Join the Programme at 17:00 HRS on September 30, 2020. 

Meeting ID: 846 4857 5837
Passcode: 120431

Furthermore, you can Submit any of Your Queries During and After the Webinar by Using any of the Following Options:
  • Use the Chat Option by Clicking on the Q&A Button on Your Screen During the Webinar.
  • Send Us an Email on info@aidindia.co.in Or india@x-pm.com After the Webinar.
It will be Our Endeavor to Address all Incoming Queries during the course of this Webinar. However, in case any Question remains Unanswered due to the Paucity of Time, we will Connect with You through Email. We Look Forward to Your Comments and Questions.

***This is an Exclusive Invitation-Only Event & there is no Registration Fee***

Join Now!
Tata Sons Vs The Shapoorji Pallonji Group: The Final Act?
 
Four years after Cyrus Mistry, then chairman of the mighty Tata Sons, the holding company of the $113-billion House of Tata, was unceremoniously removed from his position, the Mistry family has come out in public and said a separation of the family from Tata Sons would be in the best interests of all stakeholders. If this eventually happens—in other words, if the 18.4% stake held by the Mistry family in Tata Sons is eventually sold by them in such an arrangement—it would mark the end of a 70-year association between two of India’s most influential business groups. Read More
Auditors Seek Fine-Tuning Audit Report Guidelines, Approach SEBI, NFRA

The recent reporting requirements under the auditor report have greatly expanded the scope of scrutiny of auditors, particularly in respect of reporting of whistle-blower complaints. There is an overlap between the function of an auditor and a company secretary, considering an analysis of a whistle-blower complaint would have substantial secretarial analysis, which the auditor may not be fully equipped to process. According to the auditors, most whistle-blower complaints received by companies are unsubstantiated, frivolous, and anonymous, which even companies are reluctant to share. 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.

The Second Edition of this 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.
 
ADDITIONAL 10% DISCOUNT FOR ALL AIDI MEMBERS!!!
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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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