
Games shell companies and tax havens play
They are conduits for money laundering, hiding money and properties and evading tax, thereby making a mockery of corporate governance.
They are conduits for money laundering, hiding money and properties and evading tax, thereby making a mockery of corporate governance.
Most Indian businesses have been built around individuals who are unwilling to relinquish control or develop others who could add strength to their organisations.
Profit cannot be the sole objective of businesses, they need to worry about all stakeholders and communities where they live and work, says Punit Renjen.
The 68-year-old Biocon chairperson retorted that information related to overseas entities were disclosed to regulatory agencies, and Kunal Kashyap's role is devoid of any legal authority.
As information becomes more democratised, the need for companies to strike a balance between profitability and sustainability is growing.
The Budget proposes to raise the 49% cap on foreign direct investment (FDI) in insurance companies to 74%, with governance and management safeguards.
CMDs at India’s top 500 listed companies had time till April 1, 2020, to comply with a SEBI mandate for splitting the role. Now they have got a two-year extension.
YES Bank’s audit committee chairman Uttam Prakash Agarwal resigned as independent director citing deteriorating corporate governance standards at the private lender.
Investors will be pleased with Cyrus Mistry’s decision as it means much-needed stability in leadership at the group at a crucial time.
The appellate tribunal held Mistry’s removal as illegal, but the matter is far from over as Tata Sons is expected to challenge the verdict in the Supreme Court.