The recent debate generated by the compensation recommended to the Chief Operating Officer in Infosys has brought into focus the need for defining the contours of a well-crafted Remuneration Philosophy. While opinions can vary, what needs to be assessed is the consistency with which the articulated remuneration philosophy is practiced. This need is recognized [...]
Budget 2015: Is there enough to turn vision into reality? By Shankar Jaganathan While smokeless cigarettes, de-caffeinated coffee and non-alcoholic beer may have takers, the question remains whether Union Budgets without taxes would generate the same excitement that it does today. Hearing the shrill debates on TV channels, it is very clear that [...]
As the country eagerly awaits the new government’s maiden budget, Shankar Jaganathan evokes the realities of the Indian economy to provide a reference framework within which to judge the Jaitley budget. New beginnings are always exciting to look forward to for they have the potential to chart unexplored territories. New beginnings with high expectations [...]
The introduction of One Person Companies in the Companies Act, 2013 eyes fast economic gains; however, as Shankar Jaganathan points out, it also calls for a more considered approach and provision of safeguards to protect the smaller creditors and employees. A new concept of ‘One Person Company’ has been introduced in India for the [...]
Holding trust brought forth by equality of individuals as a critical foundation for a strong democracy, Shankar Jaganathan discusses the postulates of two recent academic publications that add to the important discourse on the issue of inequality. If you had to leave your valuable belongings unattended for a few minutes to visit the restroom, [...]
The Companies Act 2013 has extended its scope to provide norms for the organisation and functioning of not-for-profit ventures. Why not, then, use the same or similar legislation to create a conducive environment for social enterprises, asks Shankar Jaganathan. The limited liability company, the Hindu-Arabic numbering system and double entry bookkeeping are counted among [...]
