SUUTI Nominee Rahul Jain Resigns from the ITC Board
On May 16, 2024, Rahul Jain resigned from the post of Non-Executive Director of ITC due to a change in his posting in the Government of India.
Deepak Fertilisers & Petrochemicals’ President & Chief Strategy Officer Amitabh Bhargava Resigned
Amitabh Bhargava, President and Chief Strategy Officer designated as a Senior Management Personnel (SMP) of Deepak Fertilisers & Petrochemicals Corporation Limited has resigned on May 17, 2024, to pursue an opportunity outside the Company.
Sudarshan Chemical Appoints Bhumika Batra, Anu Wakhlu & Sudha Navandar as Independent Directors
The Board of Directors of Sudarshan Chemical Industries Limited has approved the appointment of Bhumika Batra, Anu Wakhlu and Sudha Navandar as Non-Executive and Independent Directors for five years each with effect from August 02, 2024.
OpenAI disbands the team responsible for long-term AI Safety
OpenAI has disbanded its Super Alignment team focused on long-term AI risks, just a year after its formation.
Boeing Shareholders Approve Outgoing CEO Dave Calhoun’s Nomination to the Board
Boeing shareholders have voted to re-elect outgoing CEO Dave Calhoun to the Board of Directors, a preliminary count on Friday indicated, as he aimed to assure investors of the company's path to stability amidst its latest safety crisis.
Treasury Department to Combat Illicit Finance with Automation and Innovation
The Treasury Department’s 2024 national illicit finance strategy, released on May 16, emphasises closing regulatory gaps to combat money laundering in the U.S. banking system.
Proxy adviser Glass Lewis advises Hess stockholders to accept the Chevron offer
Proxy adviser Glass Lewis has recommended that Hess shareholders vote in favour of Chevron's $53 billion all-stock offer at the special meeting on May 28.
Thomas Rabe, Chairman of Adidas, has been re-elected for another year
A majority of Adidas shareholders’ have endorsed the re-election of chairman Thomas Rabe during the company's annual general meeting (AGM), extending his term and marking his fifth consecutive year in the position.
New Age Board Activism: Heralding Better Corporate Governance
According to Section 149(1) of the Companies Act 2013, a company in India must have a Board of Directors with a minimum of three Directors in a public company, two in a private company, and one Director in a one-person company.
SEBI Proposes a Multi-Regulator Approach for Crypto Trading, Differing From RBI’s Concerns
India's market regulator, the Securities and Exchange Board of India (SEBI), has proposed that multiple regulators oversee cryptocurrency trading, according to documents, marking the clearest indication yet that some authorities in the country may be open to the use of private virtual assets.
