Independent directors’ exits are up 14.5%
In FY23, the number of independent directors leaving company boards grew by 14.5%. According to a report in The Financial Express, 881 IDs left their jobs in India during the previous fiscal year. Due to corporate fraud and accounting irregularities, independent directors are under heightened scruti
Stringent regulations targeting shell companies soon
The Indian Ministry of Corporate Affairs is considering taking action to prevent non-genuine entities from incorporating companies too easily. To do this, they may introduce new measures such as limiting the number of companies one person can incorporate and using a phone app to verify the registere
Companies still falling short of meeting governance standards
Although the top 100 listed entities are performing relatively well in terms of meeting corporate governance standards, they still fall behind in certain areas. According to the third edition of Excellence Enablers’ Corporate Governance Study, 40 firms have only supplied an email address for w
