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    1. Living with the Frenemy

      Living with the Frenemy

      In the ongoing boardroom battle in the Tata group, legal experts and proxy advisory firms appear divided over the issue of removal of independent directors from a board following a conflict with the primary shareholders. While legally, shareholders are within their right to appoint and remove any director on the board of a company, some experts feel that should be the case only when an independent director fails the test of independence ...

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    2. Cognizant Finds Misappropriation of Payment Worth $5M

      Cognizant Finds Misappropriation of Payment Worth $5M

      Nasdaq-listed IT services firm Cognizant Technology Solutions in a Securities and Exchange Commission (SEC) filing stated that in an internal investigation it has found a total of $5 million (Rs 33.3 crore) in payments that were not proper. On September 30, 2016, the company had disclosed that they are conducting an internal investigation into whether certain payments relating to Company-owned facilities in India were made improperly and in possible violation of the US Foreign Corrupt Practices Act, or FCPA, and other applicable laws. The investigation is being conducted under the oversight of the Audit Committee, with the assistance of ...

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    3. Wells Fargo Account Scandal Extends to Small Business: US Senator

      Wells Fargo Account Scandal Extends to Small Business: US Senator

      A person familiar with the matter said that Wells has identified about 10,000 small business accounts that were subject to improper practices A person familiar with the matter said that Wells has identified about 10,000 small business accounts that were subject to improper practices The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a US lawmaker, raising questions about the scope the bank's issues with unauthorised accounts. In a September ...

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    4. Number of Women on Board Rises; But So Does Tokenism: Report

      Number of Women on Board Rises; But So Does Tokenism: Report

      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 ...

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    5. Outcome of Board Meeting of Prestige Estates Projects

      Outcome of Board Meeting of Prestige Estates Projects

      Held on 11 August 2016 Prestige Estates Projects announced that the Board of Directors of the Company at its meeting held on 11 August 2016, inter alia, has discussed the merits and business case for exploring a restructuring exercise of the business of the Prestige Group along streamlined verticals, namely Office, Residential, Retail, Hospitality and Property Management and other Services verticals, to leverage the strengths of each asset class......

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    6. ICSI Training Women Members to Take Up Board Roles

      ICSI Training Women Members to Take Up Board Roles

      ICSI training women members to take up board roles Company secretaries' apex body ICSI is offering training programmes to its women members to help them take up board roles, as part of larger efforts to bring in more diversity in the boardrooms. "Training sessions are being conducted on a continuous basis for the students who are fit to become a part of the board........

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      Mentions: Diversity
    7. IRDAI Issues Comprehensive Corporate Governance Guidelines

      IRDAI Issues Comprehensive Corporate Governance Guidelines

      Driving Growth Through Innovation IRDAI issues comprehensive corporate governance guidelines Insurance regulator IRDAI today released comprehensive corporate governance guidelines, including a cap on salary of CEOs and policy on whistle blowers. The revised guidelines, which came against the backdrop of changes in the Companies Act, 2013, combine the stipulations regarding the corporate governance practices, appointment of MD/CEO/whole time director and other Key Management Positions as well as the appointment of statutory auditors of insurers. These are applicable from 2016-17 onwards, the corporate governance report said. Insurers are well advised to put in place a 'whistle blower' policy, where-by ...

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    25-48 of 62 « 1 2 3 »
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