Good corporate governance can help improve accountability, business performance, employee retention and shareholder value. Good governance practices can help both large publicly listed companies as well as family run businesses...
British bosses are clamoring for Theresa May to come up with a strategy for Brexit . Instead, they've got more regulation around executive pay.
It is easy to suggest that May has better things to do. What's more, her plan, as reported by the Financial Times , amounts to little more than underlining and printing in bold details about pay that companies already disclose. Still, highlighter pens exist for a reason...
How much control could the government exert in private sector entities? By The Centre’s holding in the private sector is a treasure trove. Company Summary Charts Valuation & Peer Comparison Community Buzz PEER COMPANIES No one was ready for an ITC vs Tata corporate battle, least of all the protagonists.
There has been a lot of talk about how to get women into tech, particularly onto boards and into leadership positions. Yet, despite the scrutiny, the number of company boards with no women on them actually increased in 2017, according to Silicon Valley Bank 's 2017 Startup Outlook report. More than 70% of the 941 startups surveyed did not have a single female board member in 2017, up from 66% the year before...
Many board members told ET that the way forward is to take stock of the lessons from this episode and put in place systems and structures that prevent such issues from occurring at the software bellwether. Panneerselvam vs Sasikala: Who will lead Jayalalithaa's party?
NEW DELHI: Life Insurance Corporation, the second-largest stakeholder in software major Infosys , seems open to raising “relevant issues” with the existing board in the event of a showdown between the management and the founding partners of the IT firm.
FRANKFURT: Thyssenkrupp 's chief executive asked shareholders on Friday for more time to turn around the diversified industrial group, saying it would not bow to external pressure to rush structural change. Heinrich Hiesinger warned that a hoped-for merger of Thyssenkrupp's steel business with a rival such as Tata Steel may yet not succeed...
On Monday, proxy advisory firm InGovern sent an email to all independent directors of Tata Motors , asking them to ‘take a lead role in guiding the Company till the issue is resolved’. The email (a copy of which is with ET) states- ‘From the information that is in the public domain, we gather that a number of issues (long-term strategy, Nano project, etc) merit the attention of the independent directors ...
Software major Infosys on Friday announced a hefty compensation and stock options to its key managers and high-performing executives in recognition of their contribution to the company's robust growth. "On the recommendation of the nomination and remuneration committee, the board of directors has approved the revised annual compensation of Director ...
The company plans to have at least 40% women among its top 50 managers in India in the near future, up from 23% currently. It is already ahead of the curve in gender diversity, having five women in its 14-member executive committee, which reflects a robust 35% representation for them.....
Since 2014, the number of women on companies' boards has increased, but around half of the women directors hired are family or relatives of the promoter, indicating a lack of transparency in the hiring process, says a report. The capital markets watchdog had issued guidelines in February 2014, asking companies to appoint at least one woman director on their boards.....
Indian boards need to focus on strategy, sustainability: Survey By PTI | Jul 26, 2016, 06.33 PM IST READ MORE ON » Indian boards | India Inc The survey noted that boards cannot afford to be short-sighted if they are to meet the challenges and opportunities of the next decade. NEW DELHI: India Inc has identified four areas including strategy and sustainability on which board should increase focus over the next 10 years to support business growth prospects, says a Grant Thornton survey.....
The board of directors of the company at its meeting held on July 22, appointed Dinanath Dubhashi, Deputy Managing Director as the Manging Director of the company and said that Deosthalee, would continue to serve as the Chairman of the company, L&T Finance said in a regulatory filing ...
Accountancy, independence, transparency and honesty are the prime drivers of the corporate governance regime in the country, said V S Sundaresan, chief general manager of Sebi ...
The board of directors of the company at its meeting held on July 21, 2016,.. has discussed and approved SDR proposal initiated by the banks," the company said in a BSE filing. According to the statement, the board approved the invocation of SDR by lenders in the joint lenders' meet held on June 29, 2016. ....
Notwithstanding the calls to diversify corporate boards, men held 80.1 per cent of S&P 500 board seats, while women only held 19.9 per cent, according to new data released today by Catalyst.....
he fight for control over Sumner M. Redstone's $40 billion media empire escalated significantly on Friday night.
In an unexpected development, Philippe P. Dauman , the chief executive of Viacom , was informed that Mr. Redstone had removed him and George Abrams from the trust that will control his companies after he dies or is declared incompetent. Mr. Abrams is a longtime director at Viacom...
Yahoo said it planned to proceed with the spinoff despite the IRS announcement, but has not yet done so. In November, activist investor Starboard Value LP asked Yahoo to drop plans to spin off its stake in Alibaba and urged the company to sell its core ...
Google did not immediately detail by how much of a margin the directors won re-election at the meeting, which was webcast. Proxy adviser Institutional Shareholder Services had recommended that Google shareholders withhold votes for the three directors, saying "mega grants" provided to Executive Chairman Eric Schmidt and Chief Business Officer Omid Kordestani were "problematic...
Bank of America Corp joined a growing list of US companies that are changing their governance rules to make it easier for shareholders to nominate directors...
DETROIT/NEW YORK: General Motors Co has turned to two investment banks to help it come up with a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board of the No. 1 US automaker, the company told Reuters...
US President Barack Obama on Tuesday nominated former Bank of Hawaii chief executive Allan Landon to join the US Federal Reserve's board of governors...
In theory, the hiring of compensation consultants - and the publication of compensation plans publicly - should have curbed the rise in executive pay..
Pershing Square Holdings, a fund managed by investor Bill Ackman, hopes to raise $2 bn from a listing on the Amsterdam stock exchange, the company said...