Institutional EYE

Commentary on Corporate Governance Issues

February 20, 2020

MNCs’ payments to parent companies are legitimate, but the brand and/or know-how needs to translate into commensurate growth in sales or result in higher margins than peers. Although data for the last two years shows a comforting linkage between royalty paid and financ...

August 27, 2019

It is in the interest of all stakeholders to ensure CG Power and Industrial Solutions Limited (CG Power) remains operational. For the company to continue to run - taking a leaf out of Fortis Healthcare Limited’s (Fortis) playbook - the immediate task is to ensure liqui...

July 11, 2019

With two of the largest airlines in doldrums, IndiGo’s addition to the pack is worrisome. The battle between the two sets of promoters may not have affected operations just yet. But, we have yet to see an instance where governance issues don’t eventually work their way...

November 1, 2017

Shareholders have become more discerning when it comes to voting on resolutions. Since January 2014, 66 resolutions (for companies in the IiAS coverage list) have been defeated by shareholders. This is attributable to multiple factors

  • the enhanced powers of sharehol...

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...

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