Hetal DalalRecent failures have given enough reason to believe that directors need to have greater awareness of their fiduciary responsibilities. Of the recent failures — several on account of corporate governance lapses — had boards with well-established directors that failed in executing their fiduciary responsibilities. The IL&FS and CG Power are cases that come quick to mind. Leave aside abject failures, but governance practices in well-established companies also raise questions on the role of independent directors.That shareholders have to vote against remuneration resolutions or stock option schemes raises questions on whether the nomination and remuneration committee (NRC) has used objective benchmarks to decide executive compensation. Whistle-blower letters that go directly to the regulator rather than through the company’s own policy and process are, to some extent, a reflection of the trust commanded by the company’s board and leadership. Related … [Read more...] about Policy | Independent directors need training, not eligibility criteria
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Citizenship (Amendment) Bill in Rajya Sabha today: Protests rock Northeast; BJP confident of passage
The Citizenship (Amendment) Bill, 2019 will be introduced in the Rajya Sabha on December 11. The Bill is likely to be taken up for consideration and passing following a debate.After having been debated for many hours, the contentious Bill was passed in the Lower House on December 9, with 334 members favouring it and 106 voting against it.Several amendments brought by opposition members, including one by a Shiv Sena Member of Parliament (MP), were defeated either by voice vote or by division.Close The Bill seeks to amend the Citizenship Act, 1955. According to the Bill, members of Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities, who have come from Pakistan, Bangladesh and Afghanistan till December 31, 2014, facing religious persecution in their respective native countries, will not be treated as illegal immigrants and stand eligible for Indian citizenship. related news Manmohan Singh among 8 parliamentarians honoured by Venkaiah Naidu Six dead, including a cop … [Read more...] about Citizenship (Amendment) Bill in Rajya Sabha today: Protests rock Northeast; BJP confident of passage
General Motors doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban
General Motors Co (GM) could expand the lineup of vehicles using its large truck and sport utility vehicle (SUV) architecture and sees big opportunities in over-the-air software updates, President Mark Reuss told Reuters on December 10.GM, which controls about 70 percent of the large SUV market in North America with six models, unveiled the redesigned Chevrolet Tahoe and Suburban. These are the first of a new generation of large SUVs whose profits will help fund the development of electric vehicles (EVs) from the automaker in the future.The 2021 Chevrolet Tahoe, revealed at the arena where the Detroit Red Wings hockey team plays in downtown Detroit, is 6.7 inches longer than the current Tahoe and can carry as much as 122.9 cubic feet of cargo. Passengers in the third row of seats get 10 inches more legroom and a better ride thanks to a more car-like independent rear suspension.Close The new Chevy Suburban will grow by 1.3 inches to 225.7 inches long - making it one of the … [Read more...] about General Motors doubling down on big SUVs, unveils longer Chevy Tahoe, Suburban