Pai said more and more people -- whether they are employees, or investors or others -- are coming to the conclusion that this Board has to go and a new one has to come.
Nilekani has kept pace with technology advances, has been instrumental in digitalising the country, and is well-networked with the bureaucracy and global leaders
The RBI has cited corporate governance and regulatory issues for not extending Kapoor's term. Further, the lender has been directed to search for a successor.
In a circular dated May 20, Sebi had directed the listed companies to evaluate the impact of Covid-19 on their capital and financial resources, profitability, liquidity position, assets, and ability to service debt. Instead, companies have spoken about the number of plants, warehouses and distribution centres that have resumed operations; work-from-home and safety measures undertaken for employees; and the labour shortage they are facing.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
'If she contests it, then these people will have to fight it in court.'
Going by the provisions of the new company law, the responsibility and accountability equation for independent directors has seen a major change.
'Institutional ownership, by December 2018, had increased 37.5% from approximately 22% in early 2009,' points out Amit Tandon.
Five of the 10 best-paid independent directors belonged to the Tata group, followed by four from Reliance Industries and one from Wipro.
The proxy advisory firm's latest comments come within days of Maruti saying that it expects to save about Rs 10,500 crore (Rs 105 billion) in the first 15 years by not investing in the Gujarat facility.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Of the 80 new appointments, 51 women are becoming directors.
Amid hints that the government might be exploring capping royalty payments by India-based subsidiaries to US companies, experts warn Subhayan Chakraborty why such a move will only hurt the Indian economy.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
The board will first need to unpack IL&FS - it has 169 group companies with 24 direct subsidiaries, 135 indirect subsidiaries, six joint ventures and four associate companies, says Amit Tondon.
Act says remuneration to directors and key managerial personnel should involve a balance between fixed and incentive pay.
Infosys needs to be more innovative and disruptive with its product and services, keeping its focus on growth.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
Analysts question negative net worth because of dividend payout ahead of IPO.
'Rather than encouraging transparency, the opacity of electoral bonds adds to the murkiness,' argues Amit Tandon.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
Experts said many firms had unbilled assets on their books.
Asian shares ended higher after a string of positive US economic data.
Corporate affairs ministry sending notices seeking details of fund disbursal
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
Eight months after India's largest car maker, Maruti Suzuki India, announced plans for a Gujarat unit to be set up as a wholly-owned subsidiary of parent Suzuki, opposition to the move continues to simmer.
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
Analysts say the Essar Group has been following a policy of delisting just when its businesses begin to record substantial upside, denying shareholders their share of decent returns.
As many as 10 public sector banks could be out of the infusion plan because of Sebi's minimum public shareholding norms.
India Inc has too much on its plate to ensure double digit growth in FY16.
The combined pay for India Inc's top management was up 30 per cent in FY16, growing at the fastest pace in nine years
The paper will invite comments on whether or not the royalty ceiling applicable till 2009 should be re-imposed.
The clarifications came directly from the board of directors.
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Since the cash flows will be impacted in a big way, DLF will have to resort to selling non-core assets in a substantial and significant manner through the next few quarters.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
Move by Swiss cement major Holcim to simplify its Indian structure has not gone down well with institutional investors.
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The new provisions strengthen the hands of minority shareholders and will improve corporate governance.
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
Some big ones hoard cash unduly and others borrow to keep up payments to shareholders
Compared to their Indian peers, MNCs have higher return ratios.
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