The Hub serves you on a monthly basis with dedicated sections on continued professional learning and helps you to emerge as the “Agents for Change” in corporate boards. The featured stories across various sections would cover regulatory updates, corporate actions, and experience sharing by Independent Directors.
Setting orients you about the IICA’s capacity building initiatives taken during the COVID-19 by conducting online master classes. The master class on “Board Effectiveness and Independent Directors” aimed at offering the concepts of board effectiveness and the role of Independent Directors. The master class on “Decoding Financial Statements for Independent Directors” aimed at discussing the nuances of Financial Statements for developing better understanding in the discharge of their roles and responsibilities.
Vignettes showcase powerful views of experienced stalwarts in the form of a study, letter, or report. This edition of the newsletter presents the opinion of Corporate Affairs Secretary, Injeti Srinivas about the importance of independent directors while expressing Independent Director Kingpin of Corporate Governance; can't remain in 'Cosy Club'. The second part of the section deals with the Corporate Governance tips for Corporate Leadership by International Finance Corporation (IFC) on facing the COVID–19 crises.
Regulatory Worktop shares the key updates about certain measures taken by the Regulators due to COVID-19. The measures taken by SEBI include relaxation for adherence of prescribed timelines and giving additional relaxations/clarifications to comply with certain provisions of the SEBI (LODR) Regulations, 2015.
The measures taken by MCA includes clarification on the passing of Ordinary and Special Resolution; Frequently Asked Questions (FAQs) on Corporate Social Responsibility (CSR); Further Clarification on the passing of Ordinary and Special Resolution and clarification regarding holding of Annual General Meeting (AGM) by companies whose financial year has ended on 31st December 2019.
Further, MCA has also invited Public Comments on Draft Valuers Bill, 2020.
Regulators Eye presents knowledge supplement about some key highlights from the RBI’s April Monetary Policy Report, which warns that the Coronavirus hangs over the future like a 'spectre'. It also apprises us about Corporate Affairs Secretary Injeti Srinivas’ view that the “IL&FS case is a 'blessing in disguise' to address corporate governance issues”. This issue of the newsletter also talks about SEBI seeking details of all Chinese investments in stock markets from the Custodians. The next section highlights the MCA lens on Zuari Agro Chemical over corporate governance violation and the last section gives a glimpse of the SEBI probe suggesting prima facie violations of norms in IndiGo related party transactions which caused the shares to plunge nearly 5%.
Events Expo Events Expo acquaints about various national and global upcoming events, programs, workshops, conferences, etc. In this edition of the newsletter, we present the national events being organized by The Economic Times (ET) master class on Corporate and Board Governance, May 21, 2020; and a capacity building programme on “Governance, Risk and Compliance” being organized by The Institute for Development and Research in Banking Technology (IDRBT), May 18-20, 2020.
At the global level, we are presenting the initiative of The Chartered Governance Institute (ICSA), the UK a 3 part series webinar on “Taking a Proactive Approach to Governance" and also of The Institute of Directors, New Zealand as a webcast on “Vulnerable Leadership: The Power of Now”, 12th May, 2020.
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