The Hub September, 2024, monthly e-newsletter from Independent Directors’ Databank provides 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.

AI is increasingly being used in finance and corporate reporting. There are many advantages to the use of this technology – such as speed, efficiency and continuous improvement. Using AI and automation to enhance financial-statement audits helps businesses deepen trust with stakeholders. Automating manual data-related tasks increases efficiency and allows human auditors to focus instead on risk areas and higher-value work. A company’s finance leaders can stay on top of audit progress using AI tools that make it easy to gauge audit progress and even drill down into financial data to help guide business strategy and decision-making.

Setting in the Hub – September, 2024 issue highlights “AI in financial reporting and audit: Navigating the new era” a report from KPMG.

Vignettes showcase an article co-authored by Sandeep Parekh | Manas Dhagat | Pranjal Kinjawadekar titled Going Too Outside ‘Insider’ Norms.

Regulatory Worktop shares the key updates about, a) SEBI Consultation Paper on provisions pertaining to Appointment of Public Interest Directors, b) Regulatory updates from Ministry of Corporate Affairs, c) RBI draft on Regulatory Principles for Management of Models Risks in Credit, d) SEBI imposed ban and penalty on Anil Ambani & his Companies and e) SEBI Consultation Paper on Expanding the Scope of Sustainable Finance Framework in the Indian Securities Market.

Regulators Eye focus on the key updates relating to a) Tata Sons avoids mandatory listing after repaying Rs. 20,000 crore debt, b) The National Stock Exchange is one step closer to an IPO, c) Mega Merger of Reliance's media assets with Walt Disney, d) India sets out to close a critical Accounting Standard gap to align itself with global peers and e) Highlights from Reliance’s Annual Shareholder Meeting.

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers Global ESG Conclave 3.0 | Assocham | September 26, 2024 and Masterclass on Cyber-Security for Senior Leadership | CII | September 11, 2024.

Global Events, suggested are Global Conference on Frontier AI | Brookings | September 17, 2024 and 2024 ICGN Annual Virtual Japan Forum | September 19, 2024.