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Keeping Tabs On Indian Corporate Governance

The 2019 India AGM season is well underway. Thus far, two notable items have appeared on the radars for investors. First, existing concerns regarding corporate audits have deepened as the ‘Big Four’ firms appear to [...]

By |July 5, 2019|Blog|Comments Off on Keeping Tabs On Indian Corporate Governance

Glass Lewis Submission to SEBI Consultation on the Issuance of Equity Shares with Differential Voting Rights

On March 20, 2019, the Securities and Exchange Board of India (“SEBI”) released a consultation paper (the “Paper”) that discusses the prospect of differential voting rights shares (“DVRs”) being made available to listed issuers in [...]

By |April 22, 2019|Blog, Regulatory Matters|Comments Off on Glass Lewis Submission to SEBI Consultation on the Issuance of Equity Shares with Differential Voting Rights

Auditor Ratification in India: Are Shareholders Missing Out?

Recent changes to Indian law have resulted in a decreased number of auditor ratification (and audit fee ratification) proposals being submitted to shareholders during the 2018 proxy season – just as accounting scandals have shareholders [...]

By |July 2, 2018|Blog|Comments Off on Auditor Ratification in India: Are Shareholders Missing Out?

Taking Indian Corporate Governance to the Next Level?

In June 2017, the Securities and Exchange Board of India (“SEBI”) formed the Committee on Corporate Governance (the “Committee”) to examine corporate governance practices in India. Chaired by Uday Kotak, the Committee was also tasked [...]

By |October 24, 2017|Blog|Comments Off on Taking Indian Corporate Governance to the Next Level?

The Mysterious Departure of Cyrus Mistry – A Change at the Helm of Tata Sons

The Tata Group is perhaps the most well-known, respected business conglomerate in India. Yet, to the surprise of many on October 24, 2016, it was announced that Cyrus P. Mistry had been unceremoniously ditched as [...]

By |October 25, 2016|Blog|Comments Off on The Mysterious Departure of Cyrus Mistry – A Change at the Helm of Tata Sons

Big Changes to Foreign Investor Restrictions in India

As the Indian proxy season heats up, new rules are opening the country to foreign investment as never before – and could ultimately open up both share-ownership structures and board representation. In June, the Government [...]

By |July 11, 2016|Blog|Comments Off on Big Changes to Foreign Investor Restrictions in India

S.K. Jain and the Frailties of Indian Corporate Governance

The Latin phrase ex malo bonum is colloquially understood to mean out of bad comes good. In this case, the Indian banking system is under scrutiny after Syndicate Bank’s (NSE: SYNDIBANK) chairman and managing director [...]

By |September 24, 2014|Blog|Comments Off on S.K. Jain and the Frailties of Indian Corporate Governance

Advancing Corporate Governance in India

2014 is shaping up to be a year of dramatic governance changes for Indian companies, as boards will be tasked with adding new committees and diversifying board membership and the periodic rotation of a company’s [...]

By |January 13, 2014|Blog|Comments Off on Advancing Corporate Governance in India

Companies Bill One Step Closer to Passage in India

The passage of a new corporate law in India moved one step closer to reality recently when the Cabinet recently announced that it had approved amendments to the Companies Bill 2011 (the “Bill”). This cleared [...]

By |October 23, 2012|Blog|Comments Off on Companies Bill One Step Closer to Passage in India
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