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 Masterclasses. A programme for “Familiarization of Independent Directors” was conducted in June, 2020 in association with ICSI. It aimed to orient Independent Directors about the due diligence they are required to put in well before joining a board. The program also emphasized the importance of a detailing on various aspects including financial statements of the prospective company and to be adequately vigilant and sensitive towards various aspects relating to the functioning of the company. The program report captures the key aspects which require a microscopic view on their part.
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 study, conducted by a reputed proxy advisory firm namely Institutional Investors Advisory Services (IiAS) in association with SBI Mutual Fund. The referred report study is titled as “Women on Corporate Boards in India”.
Regulatory Worktop, shares the key updates about recent measures taken by the Regulators for facilitating the corporate sector during the Covid 19 crisis. The present issue features the Report of the SEBI working group on Social Stock Exchange and easing fund-raising norms for firms by SEBI.
The coverage also includes the measures taken by MCA giving clarification on passing of ordinary and special resolution by companies under the Companies Act, 2013; and extending the time for holding of certain meetings through video conferencing or other audio visual means.
The issue also discusses in brief, a recently released, RBI Discussion Paper on Governance in Commercial Banks in India.
Regulators Eye has placed focus on the key updates relating to 70% listed firms likely to qualify for benefits under the MSME schemes and SBI Chairman’s Statement that there is no right time for restructuring. The coverage of focus spans across other updates too relating to Tata firms entered into related-party deals, Mistry tells Supreme Court; Companies to deduct GST on payment of Remuneration to Independent Directors and the proposal of RBI for capping the upper age limit of 70 yrs for bank CEOs, whole-time directors.
The penultimate coverage discusses that for fear of losing credit rating, ITNL did not list Rs. 2,570 cr loans as contingency liabilities and a brief about India explores new ways to bring bad loan burden under control.
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 Master class on “Digital Transformation During Covid–19” on 17th July 2020 to be organized by The Economic Times; and the Governance Series aiming at “dissemination of changing trends of Corporate Governance” on 31st July 2020 to be organized by Confederation of Indian Industry (CII).
At the global front, we can participate in IMD’s webinar on “The Future of Leadership”, 3rd July 2020 and The IOD-New Zealand’s presentation on “Build your Governance Capability”, 6th July, 2020.
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