Page 2 - Asish K Bhattacharyya

Family firms focus on business sustainability

Succession planning, sibling rivalry and dispute among family members can lead to difficult situations

Audit committee has to exercise its power effectively

Audit committee's passive approach could dilute the effectiveness of audit reforms introduced by the Companies Act 2013

Onus on boards to ensure adequacy of internal controls

A lesson on corporate governance in family business

In family-managed business groups, the monitoring role of independent directors is secondary and the advisory role is primary

Making strategic debt restructuring succeed

Banks need to ensure that the new promoter adopts good corporate governance practices

Business resilience: Role of the board

In a well-governed company, the management and the board focus on making the company resilient

Right culture must for corporate governance

Culture of accepting failures reduces motivation to violate ethical standards

CSR spending: For whose benefit?

Most corporate social responsibility initiatives are linked to business strategy

Toshiba - a case of internal audit failure

The 140-year-old pillar of Japan Inc is caught up in the country's biggest accounting scandal since 2011

IIM Bill - Towards better governance?

When the government assumes control, it will endeavour to bring uniformity in the functioning of all IIMs

United Spirits Limited - a case of corporate governance failure?

Internal banking within a business group is a traditional and well-known practice recognised by law

Objective function of firms and sustainability

Value of a firm depends on its ability to generate free cash flows over a long period of time

Corporate governance 2014-15 in retrospect

Most companies are not yet ready to adopt best practices and comply with provisions only in letter, not spirit

IndAS, governance and audit committee

The committee seldom reviews financial statements in detail; with IndAS in place, this practice has to change

Audit committee apathetic towards internal audit?

Intensive engagement with the internal auditor is needed to understand challenges it faces in achieving excellence

Board evaluation - Is the law misleading?

There is strength in the argument that inclusion of non-independent directors' views in board evaluation will distort the result

Related-Party Transactions: Learning from the USL case

Rejection of important RPT, which is not abusive, by a small group of minority shareholders is likely to hurt the company

Rubber stamp board - a thing of the past?

Companies Act 2013 can't deter removal of an independent director from a company with concentration of ownership

Are independent directors nominees of dominant shareholders?

Achieving quality corporate governance is possible through innovative solutions

Related party transactions - scepticism all around

In the new regime, the controlling shareholder has to build a strong relationship of trust with minority shareholders