In US, prior to 2019, there were no formal regulations that dealt with proxy advisory firms. Two large proxy advisors followed general guidelines and best practices, but there were no specific rules
Digital transformation, cybersecurity, artificial intelligence, recruitment and retention, climate change, geopolitics are just some of the more recent issues that boards need to address
Rather than surprising investors with their final decisions, disclosing findings on an ongoing basis would better prepare the market for eventual outcomes
The Japan story is still in its early days. But the lesson it holds is that companies, regulators, and the broader market micro-system all need to continuously evolve
As demonstrated by Mr Musk's soaring salary package plan, the process for securing approval for CEO compensations is deeply flawed, whether in India or the US
Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose?
In his twin interactions with bank boards, RBI governor did not ask them to maximise profits or shareholder value. He instead urged them to prioritise the stability and growth of the financial system