Kurien, Chokhani quit Zee Entertainment board a day before AGM
Rajnish Kumar retired in October 2020 after a 40-year career at SBI
The development is significant as the role of independent directors coming under scrutiny for their failure in detecting and preventing corporate frauds and promoter mismanagement.
Emcure Pharmaceuticals on Tuesday said it has strengthened its board with the inclusion of four new independent directors, including former Foreign Secretary Vijay Keshav Gokhale. The others who have joined the company's board are Shailesh Ayyangar, Hitesh Jain and Vidya Yeravdekar. Earlier this year, Berjis Desai had taken over as the chairman of Emcure Board. The company has had a long-standing tradition of appointing a Chairman from amongst its independent directors since 1997. "We are delighted to have highly accomplished industry stalwarts as part of our board. New members' combined experience and wider perspective from their respective fields, will play an instrumental role in strengthening our strategic operations to grow in domestic and international markets," Emcure Pharmaceuticals Managing Director & CEO Satish Mehta said in a statement. The drug firm aims to further augment its strengths as one of the fastest growing pharmaceutical companies in India with a global reach
Hinduja Group-backed electrified commercial vehicles maker, Switch Mobility Ltd on Monday said it has appointed former Goldman Sachs and JP Morgan banker, Miranda Brawn, as an Independent Non-Executive Director. Her appointment is effective from July 1, 2021 and follows the earlier appointment of auto industry veteran J M Alapont to the Board and the recent appointment Andrew Palmer as CEO and Executive Vice Chairman, Switch Mobility Ltd said in a statement. "Brawn brings her wealth of expertise and experience across many sectors including finance, law, technology and engineering notably electric vehicles to the boardrooms of global organisations," it added. Her focus areas include corporate governance, regulatory and risk management, while trailblazing the way for the diversity, equity and inclusion (DE&I) and environment, social and governance (ESG) agenda in the corporate boardroom, the company said. Commenting on the appointment, Switch Mobility Chairman Dheeraj Hinduja ...
Here are the best of Business Standard's opinion pieces for Thursday
Voting threshold in favour of appointments will now be 75 per cent, according to Sebi norms.
New norms for independent directors need strict monitoring
Move designed to reduce sway of promoters; regulator also prunes minimum application amount for REITs and InvITs to Rs 10,000-15,000.
Even as 20% of its staff face some kind pandemic stress, the firm has put in place an equal leave policy and level playing field for staff
Here's a selection of Business Standard opinion pieces for the day
Law and morality are often not aligned. Apart from regulations, we must consider the difficult perspective of character versus morality by exploring "behavioural corporate governance"
Corporate India may not be too thrilled, but Sebi's proposals on independent directors are good for India's governance credentials
In regulations issued on the Ordinance on pre-pack resolution, the IBBI said an insolvency professional can be appointed as resolution professional if they are independent of the corporate debtor.
The issue of separation of powers between corporate owners and professional managements has become a hardy perennial in the Indian corporate governance discourse
Here's a selection of Business Standard opinion pieces for the day
An exclusion list for selecting great independent directors
Shareholders who expect value from IDs should ask Boards and managements whether the compensation presently given to IDs is adequate, having regard to their role
Independent directors - cats on a hot tin roof
'Proceedings against independent directors may be initiated only once there is prima facie evidence of their possible involvement in the matter, rather than as a matter of course,' says CII