Institutional EYE

Commentary on Corporate Governance Issues

June 5, 2020

Market participants will tell you that the quarterly results and the accompanying investor calls, are a ritual. These are not just about numbers. These are about hard-eyeing the management and leadership teams,assessing how connected they are with the business and how...

June 1, 2020

 

ZEE Learns response to the stock exchanges on a previous IiAS report entitled, “ZEE Learn fails its tests”, provides no answers. A company spokesperson addressing the media, in response, can hardly be construed as a meaningful answer to questions the raised.

ZEE Learns...

May 25, 2020

Deepak Fertilisers’ promoters recently let their warrants lapse but may subscribe to the company’s rights issue. The fall in the company’s stock price will enable the promoter group to increase their shareholding for the same quantum of equity infusion. Is this another...

May 21, 2020

The State Bank of India (SBI) is modernizing itself.  It is leveraging technology, improving the quality of disclosures in its annual report, and behaving as any market leader should. But its ability to become a beacon of good corporate governance is being scuttled by...

May 15, 2020

Vedanta’s promoter group’s debt repayment pressures have driven corporate actions in the past: we argue that delisting Vedanta Limited is one more of such actions. Vedanta Limited’s board of directors need to take a decisive step in guiding shareholders on the proposed...

April 30, 2020

ZEE Learn is unable to answer its investors’ questions. Its board and management have not provided the requisite leadership resulting in poor capital allocation decisions, including a botched-up acquisition. Plagued with high debt and weakening cash flows, the problems...

April 13, 2020

This article has been updated. After the publication of this article, MCA has issued a clarification dated 13 April 2020. This  version  incorporates the clarifications. 

Having given relaxations on EGMs, MCA has taken a pause: it has not been extended to AGMs...

April 7, 2020

With social distancing and lockdowns becoming the norm, shareholder meetings will have to take on a virtual form. Although companies, investors, and regulators may not all be prepared, this will be the new normal. While the system of having shareholder meetings finds t...

April 3, 2020

Given that many companies are going to scramble to find money just to survive, dividends and buy-backs should be the last thing on a board’s agenda. Only after business has stabilized and there is visibility ahead, should companies look at paying their shareholders.

The...

March 19, 2020

Corporate India has absorbed the benefits of gender diversity. More companies now have one woman on their boards, and several boards have more than one.  Regulations, it appears, have rejuvenated the focus on gender diversity in boardrooms. Yet, progress is slow compar...

Please reload

Categories
Please reload

Archive