Zerodha Asset Fined Over Delay in Appointing CFO
The Ministry of Corporate Affairs (MCA) has fined Zerodha Asset Management Private Limited and its key Directors, including founder Nithin Kamath, for not appointing a Chief Financial Officer (CFO) within the required timeframe, thereby violating the law.
The trend towards appointing Independent Board Chairs has plateaued in the US
According to a study published by the Harvard Law School Forum on Corporate Governance, the trend of appointing Independent Board Chairs has reached a plateau. Approximately 36% of S&P 500 firms have Independent Chairs, a figure unchanged since 2021.
Four Companies Fined For Delay In Appointing Female Directors
The Ministry of Corporate Affairs (MCA) recently fined four companies within the last two months for not appointing female directors within the required time frames according to the Companies (Appointment and Qualification of Directors) rules.
