A: One is that nobody wants to give up power. And the second reason is that, for the CMD, the principal promoter or professional manager, all the sins of their past will come up when a new person comes to the table, because the new CEO will then be responsible. When a new person comes in, there is (usually) an attempt to ring fence themselves (from failings of the past). So that is the real situation. … [Read more...] about CFOs must be made legally liable in case of outright fraud: Prabal Basu Roy
Ayodhya case verdict
Q: What is the interaction of the Audit Committee with other Board members?A: After the full audit committee meeting comes the Board meeting. Invariably, what happens is that where compliance, governance and numbers are concerned the Audit Committee is doing most of the heavy lifting for the Board.In all the Boards, I always invite all other directors to join the Audit Committee if they have the time. And many of them do, especially if it is a finance-oriented organisation. Not everyone joins in because many members cannot come the day before. So that is the process that I follow in an audit committee. … [Read more...] about What is a good way to run an Audit Committee?
Nearly 52 countries have adopted such a refund mechanism. It has been noted that such a scheme helps in attracting tourists and is in line with the avowed objectives of the GST regime of zero rating of goods for exports and Make in India initiative. Presently section 15 of the IGST Act has not been enacted. This provides the power of refund of the integrated tax paid on supply of goods to tourists leaving India. … [Read more...] about 2020 promises key GST milestones
It seems unlikely that the White House would move quickly toward a facial recognition ban, if at all. The Trump administration rarely strays from its pro-business, hands-off regulatory approach. It also wouldn’t care for the optics of tying the hands of law enforcement to detect and ID criminals. The same stance has less to the administration backing the Justice Department’s efforts to pressure technology companies such as Apple to build encryption “backdoors” into their devices so that law enforcement can access the contents. … [Read more...] about Privacy groups want a federal facial-recognition ban, but it’s a long shot
In that example, Motus used an average delivery cost of $29, though that’s not broken down into specifics. Ken Robinson, market research analyst for Motus, says the company calculates those costs every month to provide its customers with accurate reimbursement information, factoring in things such as gas prices, insurance costs, and taxes—all of which can vary by region. Los Angeles delivery drivers see delivery costs 14% above average, while Seattle drivers only experience a 6% above-average expense, and Boston drivers have costs that are just 0.3% above average. Houston was the one city to see below-average delivery costs at a 5% difference. … [Read more...] about Food delivery workers in L.A. spend more to make a delivery than anywhere else