Board Of Directors

Board committees: The driving force behind board's efficiency and direction

Digital transformation, cybersecurity, artificial intelligence, recruitment and retention, climate change, geopolitics are just some of the more recent issues that boards need to address

Tata Motors advances demerger scheme, unveils new corporate structure

Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months

In major boardroom reshuffle, Samina Hamied steps down from Cipla Board

The announcement comes amid reports that Cipla promoters are looking to sell their entire or partial shareholding in the company

Poonawalla Fincorp top deck sees rejig, 5 seniors opt for early retirement

The NBFC has informed the exchanges that its five senior management personnel (SMP) have sought early retirement, while announcing the replacement

Stark gender disparity seen among newly registered young directors

Women's share in managerial positions in India lowest among BRICS countries

Godrej re-appoints Tanya Dubash as executive director, chief brand officer

The company also said that Dubash is not barred from holding the office of director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority

Andhra Paper stock split: Board approves split in 1:5 ratio; stock falls 4%

The fall came a day after the company announced its March quarter results for FY24 (Q4FY24), along with stock-split and dividend announcement

RBL Bank appoints Murali Ramakrishnan as independent director for 4 years

Earlier, Ramakrishnan served as the Managing Director & Chief Executive Officer of South Indian Bank

ZEEL shareholders approve appointment of three independent directors

Zee Entertainment Enterprises shareholders have approved the appointment of three independent directors to the company's board. Special resolutions for approval of the appointment of - Uttam Prakash Agarwal, Shishir Babubhai Desai and Venkata Ramana Murthy Pinisetti were passed with majority by the shareholders of Zee Entertainment Enterprises Ltd (ZEEL) through a postal ballot process. All three special resolutions received over 75 per cent of the total number of valid votes, according to the Consolidated Report of the Scrutinizer shared by the company to bourses. "This outcome of the remote e-voting process concluded on 15th March 2024 reflects the shareholders' confidence in the Board of the Company," ZEEL said in a statement later. On February 5, 2024, ZEEL sent a postal ballot notice to seek approval of the shareholders for the appointment of three independent directors for their first term of three years, which is from December 17, 2023, to December 16, 2026. On Friday, Zee

RBI reconstitutes 'committee of advisors' of Abhyudaya Cooperative Bank

In November last year, RBI had superseded the Board of Directors of Abhyudaya Cooperative Bank for one year citing poor governance standards

Fino Payments Bank appoints two new independent directors on its board

The Mumbai-based Fino Payments Bank has appointed Anita Sudhir Pai and Neeta Mukerji as additional directors in the capacity of independent directors of the bank

Cognizant CEO Ravi Kumar S joins USISPF as member of board of directors

Ravi Kumar S, the CEO of Cognizant, has joined the US-India Strategic and Partnership Forum as a member of its board of directors, it was announced on Tuesday. Ravi is a doyen in the tech industry and is a foremost thought leader who has unparalleled insights on the dynamic and fast-changing nature of the tech sector, USISPF president and CEO Mukesh Aghi said in an announcement. In an era of a digital-first economy and digital trade, Cognizant's work through the years exemplifies the burgeoning collaboration in the US-India technology partnership success story, he said. India's robust tech talent remains pivotal in fortifying and expanding the tech sector within the United States, Aghi said. Congratulating Ravi, USISPF Chairman John Chambers said the Cognizant CEO is an accomplished leader in IT services, and his broad experience in the industry touching digital transformation, engineering services, data analytics, and more puts him in the top calibre of experts supporting ...

Non-executive directors' remuneration cap increased to Rs 30 lakh: RBI

The notification further stated that the banks are required to have suitable criteria for granting fixed remuneration to their NEDs, with the approval of their Board before any review of remuneration

Large shareholders may nudge Zee Entertainment board on action plan

Share prices of Zee nosedived after collapse of its merger agreement with Sony Pictures Networks

Tanla Platforms appoints former TRAI Chief RS Sharma to board of directors

Tanla Platforms on Monday announced the appointment of former TRAI Chairman RS Sharma to its board of directors. With this, the total number of directors on Tanla's board now stands at 7. "Tanla Platforms, India's leading CPaaS (Communications Platform as a Service) player, announced the appointment of former TRAI Chairman Dr RS Sharma to its board of directors, bringing the total number of directors on Tanla's Board to 7," according to a company release. Sharma was the chairman of the Telecom Regulatory Authority of India (TRAI) between 2015 and 2020, and his tenure was marked by initiatives promoting net neutrality and consumer rights. Over the years, he spearheaded multiple government initiatives. As the chairman of the Empowered Group of COVID Vaccine Administration (EGVAC), Sharma steered the design and rollout of Co-Win - the digital backbone of the vaccination drive in India. As CEO of the National Health Authority, he was instrumental in implementing two health initiatives

IT industry veteran C P Gurnani joins upGrad's Board of Directors

Focus on global growth as independent director

Dish TV shareholders reject candidature of 4 independent directors in EGM

In a surprise development, shareholders of Dish TV rejected the candidature of four independent directors in the Extraordinary General Meeting held last week, leaving only one person on the board of the direct-to-home service provider. This prompted immediate appointment of two new persons on the board the same day, as the number of directors fell below the statutory minimum number of three. In the EGM held on December 22, shareholders of Dish TV shot down the four resolutions seeking the appointment and re-appointments of independent directors Shankar Aggarwal, Aanchal David, Rajesh Sahni and Virender Kumar Tagra. However, these resolutions could get only around 28 per cent of the total votes polled, and hence were rejected. "The Resolution Nos 1 to 4 have failed to receive a requisite number of votes in favour by the shareholders under remote e-voting and e-voting at EGM," said the scrutinizer's report submitted to bourses by Dish TV. After the voting results, which were declare

RBI directs private banks to have at least two wholetime directors

Payments banks and local area banks are kept out of the minimum WTD requirements

Ambani's children will get no salary, only fee for attending board meetings

His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm

RBI found excessive dominance by 1-2 board members even in banks: Guv Das

Board discussions have to be free, fair and democratic, Das said, addressing directors of Urban Cooperative Banks (UCBs) at a meeting organised by the Reserve Bank of India