Page 3 - Asish K Bhattacharyya

Company without a board may not be so rare

Duties of independent directors should not be made onerous, as it will result in bad directors replacing good ones

Is cost audit losing its relevance?

By introducing the concept of 'public interest', the government has made the 2014 Rules unnecessarily complicated

Nayak Committee report: Spotlight on PSE governance

The board of directors does not have adequate incentive to implement an effective vigil mechanism

Exodus of good independent directors?

The Companies Act, 2013, and the new Code of Corporate Governance have made independent directors jittery

Is board evaluation a reality now?

The review will not be effective unless the appointment process is changed, not only on paper but in practice, too

Sebi wants empowered board in listed companies

The difference between an empowered and passive board is in the level of involvement of independent directors

Should CAG audit private companies?

Companies have to live with multiple audits, but two audits with the same objective must be avoided

A 'loyal critic' is good for family-owned businesses

An 'anchor shareholder' (the family) who controls the company. The anchor shareholder in a family business has the temptation to maximise the 'private benefits of control'

CSR issues continue to remain unresolved

In the absence of clarity, unscrupulous companies will take advantage of loopholes and honest companies will get harassed

How NSEL shunned corporate governance

The NSEL corporate governance system failed to address the issue of conflict of interest. The son-in-law of the chairperson of NSEL is the promoter of NK Proteins, a company that owes Rs 920 crore to

Is Audit Committee the new power centre?

Audit Committee members are expected to contribute significantly to the review process for non-independent directors, the Board and the Chairperson

New law to enforce corporate democracy

YES Bank: Selective use of regulations?

When a regulator tries to establish 'fit and proper' criteria, it finds it difficult to identify the right benchmark. The most desirable flexibility to the board in establishing its own criteria shoul

Independent directors are answerable to stakeholders

Companies Bill, 2012, provides immunity to only those independent directors who act diligently

Corporate governance failure at Ranbaxy?

It is unlikely that independent directors on Ranbaxy Board had no exposure to corporate governance models

Enterprises should identify risks in business model

Visionary companies develop mechanisms to understand undercurrents in society and the expectations and concerns of stakeholders

Responsible business - a buzzword?

Will the new CSR provision in the Companies Bill, 2012, lead to adoption of best business practices?

Can a Board within the Board be avoided?

The government has decided to strengthen the institution of independent directors by introducing new provisions in the Companies Bill, 2012

New challenges for audit committee

Accounting profession: Fallen from grace?