Independent Directors play a vital role in the current corporate governance setup, by being the conscience keepers of the company. Disconnected from monetary gains, they are expected to do what is right and not be swayed by personal material benefits. Further, with an assured tenure as independent director they cannot [...]
Related Party Transactions (RPT) are an integral part of the corporate world today. In the early stages of corporate history, RPTs were illegal and could not even be approved or ratified by unanimous shareholder resolutions. Due to practical difficulties faced by companies, at the beginning of the 20th century RPTs [...]
Prior to the COVID-19 pandemic, board meetings through video conference facility meant one or two members attending through the Video Conference (VC) and the majority attending in person. Post March 2020, Board meeting through VC means almost all members attend through it. Given this change, there is a need to [...]
Board of Directors set the tone for the quality of governance and business performance of a company. A key factor determining the effectiveness and efficiency of the board is the calibre and conduct of its chairperson which is reflected in how they conduct meetings. In my three decades experience of [...]
Independent thinking is desirable for an individual, but essential in a professional. As a Director or Key Managerial Personnel (KMP) of a company, this requirement to think independently is enshrined in law and at times is required to be documented. A latent requirement when the going is smooth, it shields [...]
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Many see Independent Directors (ID) as top honchos in the corporate world, with lucrative rewards and perks for the little time they expended in board meetings. Others who are acquainted with the darker side, view the role with trepidation; a job with hidden hazards that can expose an individual to [...]
The global pandemic in 2020 has made even the most remote stakeholder on this planet realize the inter-linkages between business, society, and the environment. Evolved businesses which recognize this connect are increasingly moving away from publishing Annual Reports for their shareholders to presenting Integrated Reports to their stakeholders. How are [...]
SEBI’s LODR, 2015 Regulation 25 (3) read with Schedule IV (VII) (1) of the Companies Act, 2013 requires all equity listed companies and unlisted companies having Independent Directors to schedule a meeting of Independent Directors of the company to meet without the presence of non-independent directors and members of management [...]
Where fair disclosures are the desired objective, it must go beyond the limits set in law, which is the bare minimum that companies need to comply with to avoid penalties. Hence CimplyFive’s Model Disclosures for Covid-19 is designed with the objective of providing fair disclosures to all existing and potential investors. The disclosures would [...]
