Institutional EYE

Commentary on Corporate Governance Issues

October 4, 2017

Earlier this year IRDA asked insurance companies to roll out their Stewardship policies by 30 September. In the month that most insurance companies uploaded their stewardship codes on their websites, The Vanguard Group published its Annual Stewardship Report. This repo...

July 6, 2017

IiAS recommends voting AGAINST ITC’s decision to pay a monthly remuneration to Yogesh Deveshwar, the company’s non-executive chairperson. IiAS believes the board structure, and the proposed remuneration, signal Yogi Deveshwar’s continuing control over the company, whic...

June 2, 2017

Gautam Singhania’s recent message to shareholders is an attempt to disassociate himself from the transaction that allows the company to sell premium real-estate in Mumbai at throw-away rates to promoters – including Gautam Singhania himself. In doing so, IiAS contends...

May 24, 2017

In its forthcoming AGM on 5 June 2017, Raymond Limited has presented a resolution to make an offer to sell its premium real estate at throw-away rates to its promoters and their extended family. Should this transaction go through, IiAS estimates that it will result in...

November 29, 2016

Two reports published over the last few weeks warrant close reading and carry important lessons: Ease of Doing Business and Asia CG Watch.  

‘Ease of Doing Business’ is a quantitative measures of business regulations across ‘11 regulatory areas that are central to how t...

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