Audit Committees of corporate Boards cannot avoid culpability by blaming auditors: NFRA Chief
The Chairman of the National Financial Reporting Authority (NFRA), Ajay Bhushan Prasad Pandey, emphasised that a company's Audit Committee, primarily composed of Independent Directors, cannot shirk its responsibility for ensuring accurate financial statements, even if auditors fail in their duty.
Fino Payments Bank’s Chief Sales Officer Ashish Ahuja Resigned
Ashish Ahuja, Chief Sales Officer and Senior Management Personnel of Fino Payments Bank Limited, has tendered his resignation on May 30, 2024, in order to pursue certain other opportunities outside the bank.
J.K. Cement’s Business Head – Paints & Wall Putty Niranjan Mishra Retired
Niranjan Mishra, a Senior Management Personnel functioning as Business Head — Paints and Wall Putty Division of J.K. Cement Limited, retired on May 31, 2024, on attaining the age of superannuation.
Unichem’s CFO Sandip Ghume Resigned
Sandip Ghume, Deputy Chief Financial Officer and Key Managerial Personnel of Unichem Laboratories Limited has resigned due to personal reasons. His resignation will be effective on June 30, 2024.
Biden Vetoes Congressional Resolution Overturning SEC Crypto Guidelines
President Joe Biden vetoed a resolution on May 31 that sought to overrule the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) No. 121, a move that has drawn significant criticism from the cryptocurrency industry.
The EU is tightening regulations for Temu after Shein
Temu, a well-known Chinese e-commerce platform, will begin to face more stringent European Union (EU) rules after the European Commission designated it as a Very Large Online Platform (VLOP) in accordance with the Digital Services Act (DSA).
Biden Administration Unveils Guidelines to Strengthen Voluntary Carbon Markets
The Biden administration has unveiled the "Voluntary Carbon Markets Joint Policy Statement and Principles" to bolster the carbon credit market by establishing US government guidelines for ensuring the integrity of voluntary carbon markets (VCMs).
Regulators Call For “Systemic Change” At Boeing
Boeing Faces Increased Government Scrutiny and Production Challenges Amid Safety Concerns.
UBS Divides Wealth Management Posts As Part Of An Executive Reorganisation
On Thursday, UBS announced a restructuring of its Executive Board, splitting its top wealth management position to pave the way for potential successors to CEO Sergio Ermotti.
Labour Department Files Complaint Against Hyundai for Child Labour Violations
The United States Department of Labour (DOL) has filed a complaint against Hyundai Motor Manufacturing Alabama LLC, SMART Alabama LLC, and Best Practice Service, LLC, for the illegal employment of children.
