The Hub serves you on monthly basis with dedicated sections on continued professional learning and helps you to emerge as the “Agents for Change” in the boards. The featured stories across various sections cover regulatory updates, corporate actions and experience sharing by Independent Directors.

Setting orients you about the IICA’s capacity building initiative during the COVID-19 crisis by way of conducting a series of Webinars/Virtual Master classes etc. As the purpose of the Setting section is also to orient the registered Independent Directors about the main theme of the issue, in this edition, we have included IDDB: Analysis of Performance of Independent Directors who qualified Online Self-Assessment Test.

Vignettes showcase views and learning from experienced directors and/or reputed research institutions by referring to the outcomes of their research study/report. This edition of the newsletter presents the excerpts from a recent study conducted by the National Association of Corporate Directors (NACD). The referred survey report is titled as “Governance of Public Companies”.

Regulatory Worktop, shares the key updates about the recent Report of the Committee on Business Responsibility Reporting and Investor grievances redressal mechanism – Handling of SCORES complaints by stock exchanges and standard operating procedure for non-redressal of grievances by listed companies.
The coverage also includes the Procedural Guidelines for Proxy Advisors issued by SEBI; and launching of single e-compliance framework by MCA to reduce the compliance burden of companies. And, the last section orients about the clarification of dispatch of notice by companies going for the ‘right issue’

Regulators Eye focus on the key updates relating to the reasons for unhappiness of the small shareholders about the ABB Power open offer and IBBI’s listing out red flags to detect avoidance transactions. The coverage of focus spans across other updates relating to controversy triggered as MSCI India Index reduced the weight of Bharti Airtel; Consumer Protection Act: Companies are going for risk mitigation strategies for product liability risk and the Centre may empower Public Sector Banks to induct non-executive director.

Some other important updates as viewed by the section includes KPMG arm BFR alleged by National Financial Reporting Authority for failure to highlight material misstatement in IL&FS and Supreme Court questions R.Com’s asset erosion. The last coverage discusses that different views of auditors on Reliance Home Finance may delay the debt resolution.

Events Expo acquaints about various national and global upcoming events, programs, workshops, conferences, etc for participation of the members. Present issue is showcasing the opportunities to participate in an e-programme on “Early Detection of Cyber Attacks – A Proactive Approach” on September 22 - 25, 2020 to be organized by the Institute for Development and Research in Banking Technology (IDRBT); and the workshop on “CII Certified, Governance, Risk & Compliance (GRC) Professional” on September 22 - 25, 2020 to be organized by Confederation of Indian Industry (CII).

At the global front, we can participate in NACD’s webinar on “Compensation Committee Series” on September 24, 2020 and The IOD-New Zealand’s panel discussion on “Regenerative Leadership – a new approach to governance” on September 17, 2020.