Learn, Unlearn, Relearn

[...] the most of important driver for effective better corporate governance is appointment of Independent Director who with their specialized skills serves as strategic advisor to the company and act as a [...]

[...] Board consisting of three or more directors out of which at least one director shall be an Independent Director. Unlisted and Private Limited companies are not required to appoint an Independent [...]

[...] power and, in some cases, alleged criminal activity by corporate officers. The need for Independent Directors is recognized the world over.  One of the most of important driver for effective better [...]

[...]  Corporate Governance as per Cadbury Report, 1992 is the system by which companies are directed and controlled. [...]

[...] In recent years, corporate governance has received increased attention because of high-profile most talked scandals i.e.  Enron [...]

[...] the local area and areas around it where it operates, for spending the amount earmarked for CSR activities and if board fails to spend such amount, the board shall, its board report specify the [...]

[...] Ethical Governance i.e Introduction of mandatory spending by prescribed class of companies on CSR activities, introduction of appointment of women director on the board in order to combat the [...]

[...] 205 of the Companies Act 1956 for at least two years out of immediately preceding three financial years (each financial year has to be a period of at least 12 months). Extraordinary income will not [...]

[...] or associate company, or their promoters, or directors, during the two immediately preceding financial years or during the current financial year; (d)  none of whose relatives has or had pecuniary [...]

[...] . - The Composition of the CSR Committee - Average Net profits of the company for last 3 financial years - Prescribed CSR Expenditure i.e 2 percent of the amount of Average net profits of the [...]

[...] profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one [...]

[...] criteria needs to do following compliances w.e.f 1st April,2014: a. Constitute Corporate Social Responsibility Committee of the Board consisting of three or more directors out of which at least one [...]

[...] laws, codes and regulations, the most important objective of having effective corporate governance practices at all levels can be achieved and fulfilled? Ethical culture is a big part of [...]

[...] immediately inform the Board accordingly; assist the company in implementing the best corporate governance practices. 2.Role and functions: The independent directors shall: help in bringing an [...]

[...] of Independent Director- A layman’s definition of an Independent Director can be – A corporate director who has no material relationship with the company in which he or she serves as director.   [...]