The Hub January, 2022, wish you a very healthy and prosperous “New Year”. The Hub is a monthly e-newsletter from Independent Directors’ Databank gives you a broad view of developments happening around Regulatory framework, Corporate world among other updates.
The featured stories in various sections cover regulatory updates, governance practices and experience sharing by Independent Directors.
From a corporate director’s perspective, pressure to act more aggressively on climate change is nothing new. After all, the largest institutional shareholders have long been clamoring for greater disclosure around companies’ climate risk and footprint. But to counter the urgency of decarbonization, change in board’s perspective, attitude and approach are important now than ever before given high stacks of existential threat for companies not adapting to sustainable development strategies. Decarbonization will happen gradually, then suddenly. Boards need to act now before the market reaches a tipping point and organizations without a strategy are left behind. A director’s goal should be to understand how their management team assesses these and other climate-related risks, what they plan to do to mitigate them.
Regulatory Worktop shares the key updates about, a) SEBI board tightens rules for utilisation of IPO proceeds, b) Ministry of Corporate Affairs clarification on passing of Ordinary and Special Resolutions by the companies, c) Introduction of Legal Entity Identifier for Cross-border Transactions, d) Comments invited on proposed changes to the Corporate Insolvency Resolution and Liquidation Framework under IBC, 2016, e) Draft Master Direction on Minimum Capital Requirements for Operational Risk of banks; and f) Scheme for setting up of Semiconductor Fabs in India to get lead in strategic technologies.
Regulators Eye focus on the key updates relating to a) National Stock Exchange launches NSE Prime; b) Government’s push to ensure higher governance standards by strengthening disciplinary mechanism for CA, CS & CMA, c) India’s IPO market hits new records in 2021, d) Company secretaries should adopt speak-up culture: Deepak Parekh, and e) Uneasy truce ahead of India’s largest airline Indigo EGM.
Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers CII Conference on Corporate Frauds – Governance and Risk Management | January 31, 2022 | New Delhi and Design Thinking for Strategy and Innovation | IIM Lucknow | January 16-23, 2022.
Global Events, suggested are 18th International Conference on Environmental, Cultural, Economic & Social Sustainability | University of Granada, Spain | January 26-28, 2022 and Risk Perceptions, Board Networks, and Directors’ Monitoring in China | European Corporate Governance Institute | January 06, 2022.
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