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The Securities and Exchange Board of India (SEBI) is planning a joint initiative to build the capacity of independent directors and strengthen corporate governance through collaboration with regulators, industry, professional bodies and academic institutions, Chairman Tuhin Kanta Pandey said. "SEBI will seek to embark on a joint initiative for capacity building of independent directors at scale with a view to further improve corporate governance," he said at the CII corporate governance summit ...Read More >
Mumbai: The Securities and Exchange Board of India (Sebi) chairperson called for a fundamental shift in how independent directors function, saying boardroom independence in India often remains procedural and does not translate into effective oversight. Companies must move beyond compliance-driven structures towards fostering diverse perspectives and constructive dissent within boards, said Tuhin Kanta Pandey at a corporate governance event organised by CII on Monday. The next phase of governanc ...Read More >
Summary The proposed initiative, still taking shape, will bring together industry, academic institutions and professional bodies to expand both the supply and capabilities of independent directors, Sebi chairman Tuhin Kanta Pandey said on Monday. India's market regulator is working on a collaborative framework with corporates, academia and professional bodies to expand the pipeline and effectiveness of independent directors, even as recent boardroom tensions at HDFC Bank sharpen scrutiny on go ...Read More >
New Delhi [India], April 6 (ANI): The current framework for disclosures and the maintenance of corporate governance standards remain centered on the active responsibility of independent directors and company management, said SEBI Chairman Tuhin Kanta Pandey. Speaking to the media on the sidelines of the CII 19th Corporate Governance Summit in Mumbai, he noted that while regulations provide the necessary structure, the quality of governance is determined by the capability and diligence of those ...Read More >
Mumbai: Former HDFC Bank part-time chairman and independent director Atanu Chakraborty has revealed that his resignation on March 18 was driven by ethical concerns, not personal conflicts. Speaking to CNBC-TV18 on March 30, he clarified that the decision was based on a difference in understanding of values and ethics. Concerns Over Governance and Systems Chakraborty raised serious questions about the bank's governance practices. He said independent directors are responsible not just for review ...Read More >
New Delhi, Sep 29 (PTI) PTC India Financial Services (PFS) on Monday expressed surprise over the unexpected resignation of three independent directors ahead of the expiry of their three-year term. Three independent directors, Seema Bahuguna, Naveen Bhushan Gupta and PV Bharathi, resigned as Independent Directors of the company in the last few days. "The management is surprised by the unexpected resignation of the aforementioned independent directors and more so because of the reasons cited in ...Read More >
Mumbai: Nearly a year after joining KRBL Ltd as an independent director, Anil Chaudhary has stepped down from the board of the renowned India Gate basmati brand owner, alleging corporate governance issues. In his resignation letter, the former Steel Authority of India Ltd (Sail) chairman flagged several governance concerns at the country's largest exporter of basmati rice, including inconsistencies in recording minutes of the company's board meetings, instances of information being withheld fro ...Read More >
New Delhi, Aug 28 (PTI) Audit committees at companies should ensure the independence of auditors, NFRA Chairperson Nitin Gupta said on Thursday, as he stressed the importance of good corporate governance practices. He also listed out various fundamental principles for sound financial reporting, including the key role of external auditors. The National Financial Reporting Authority (NFRA) has been taking steps to boost sound financial reporting practices and is also taking action against auditi ...Read More >
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