Independent Director Legal Perspective In Public Listed Companies In India

Author : DR. M. K. RAVI
Publisher : DR. M. K. RAVI
Page : 500 pages
File Size : 47,6 Mb
Release : 2024-06-10
Category : Antiques & Collectibles
ISBN : 8210379456XXX

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Independent Director - Legal Perspective in Public Listed Companies in India by DR. M. K. RAVI Pdf

NOTE ABOUT BOOK I am thrilled to present to you my latest publication, “Independent Directors - Legal Perspective in Public Listed Companies in India." This book is a comprehensive guide that aims to demystify the role of independent directors within the Indian corporate governance framework and provide valuable insights into the legal aspects they need to navigate. In today's dynamic business environment, independent directors play a crucial role in promoting transparency, accountability, and good governance practices. This book sheds light on the legal framework governing independent directors in India, equipping them with the knowledge and understanding necessary to fulfill their responsibilities effectively. Here's what you can expect from this book: 1. Understanding the Role: I started by exploring the significance of independent directors and their distinct role in corporate governance. I delve into their fiduciary duties, responsibilities, and the expectations placed upon them by regulators, shareholders, and other stakeholders. 2. Legal Framework: I have provided a comprehensive overview of the legal framework that governs independent directors in India. I have explained the relevant provisions of the Companies Act, SEBI regulations, and other applicable laws, ensuring clarity and understanding. 3. Appointment and Qualification: This section covers the process of appointing independent directors, the eligibility criteria, and the procedures to be followed. I have discussed the importance of independence, integrity, and expertise in ensuring the effectiveness of independent directors. 4. Rights and Liabilities: I have examined the rights and protections available to independent directors, as well as the potential liabilities they may face. I also highlight the importance of due diligence, ethical conduct, and disclosure obligations to mitigate legal risks. 5. Board Dynamics and Decision-Making: Here, I delve into the dynamics of the boardroom, emphasizing the role of independent directors in board discussions, decision-making, and conflict resolution. I provide practical insights on how independent directors can effectively contribute to board processes. 6. Corporate Compliance and Ethics: This section focuses on the compliance responsibilities of independent directors, including their role in overseeing corporate ethics, internal controls, and risk management. I have outlined best practices and provide guidance on ensuring compliance with legal and regulatory requirements. 7. Role in Auditing and Financial Reporting: I have explored the crucial role independent directors’ play in auditing, financial reporting, and ensuring accurate and transparent financial statements. I have discussed their responsibilities in relation to internal and external audits, financial disclosures, and the prevention of fraudulent practices. 8. Corporate Social Responsibility (CSR): Lastly, I have addressed the growing importance of CSR and the role of independent directors in driving CSR initiatives within public listed companies. I have discussed the legal obligations, reporting requirements, and the positive impact independent directors can have on sustainable and responsible business practices. Throughout the book, I have presented real-life case studies, practical examples, and expert insights to enhance your understanding of the legal perspective of independent directors in Indian public listed companies. My aim is to empower independent directors with the knowledge and tools they need to navigate the legal landscape effectively, contribute to good governance, and uphold the interests of stakeholders. I hope that this book will serves as a valuable resource for independent directors, aspiring directors, corporate professionals, and anyone interested in corporate governance practices in India.

Author : Cornelius Bader
Publisher : GRIN Verlag
Page : 40 pages
File Size : 53,8 Mb
Release : 2011-07-11
Category : Law
ISBN : 9783640955732

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The Independent Director in China and India by Cornelius Bader Pdf

Seminar paper from the year 2010 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A+, Vanderbilt University (Law School), language: English, abstract: The “independent director” has become a centerpiece of modern corporate governance. However, the concept of “independence”, and the ability of independent directors to fulfill their roles, remains deeply problematical. In the course of the discussion on the proper role of independent directors that unfolded in Europe and the United States during the 1980s and 1990s and peaked in the wake of the Enron scandal, rules on director independence have found their way to the corporate governance regimes of developing countries that turned their head to western economies. Particularly in China and India, independent directors have taken their place on company boards, earning mixed responses from the academic and business community. What is the current state of Indian and Chinese rules on director independence? What tensions do they address and create? And what can be done to optimize the achievement of their objectives? The goal of this article is to examine the status quo of director independence in the two countries, to put the regulations into their historic and political context, to summarize practical experiences with the new institution, and to point to possible future developments.

Author : Dan W. Puchniak,Harald Baum,Luke Nottage
Publisher : Cambridge University Press
Page : 637 pages
File Size : 41,6 Mb
Release : 2017-11-02
Category : Business & Economics
ISBN : 9781107179592

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Independent Directors in Asia by Dan W. Puchniak,Harald Baum,Luke Nottage Pdf

The first in-depth analysis of the independent director in Asia: who they are, what they do and how they are regulated.

Author : Sanjiv Agarwal,Ankita Agarwal
Publisher : Bloomsbury Publishing
Page : 1000 pages
File Size : 42,5 Mb
Release : 2021-05-15
Category : Law
ISBN : 9789390176618

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Guide for Independent Directors by Sanjiv Agarwal,Ankita Agarwal Pdf

About the Book Independent Directors require a special set of skills, attitude and mindset to act independently and take unbiased, neutral views on matters before them in the Board. In order to provide and invigorate basic knowledge in corporate laws, upgrade and evaluate the required skills of Independent Directors and to prepare a databank of such qualified and eligible persons, the rules necessitate to have a Data-bank in place. The Ministry of Corporate Affairs in consonance with Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019 and Companies (Appointment and Qualification of Directors) Amendment Rules, 2019, empanels Directors that are registered with them and have passed the Online Proficiency Self-Assessment Test. MCA has authorised the Indian Institute of Corporate Affairs (IICA) to maintain the Data-bank as well as conduct the Online Proficiency Self-Assessment Test. This book covers the entire gamut of syllabus for the purpose of the Online Proficiency Self-Assessment Test. It has been divided into 4 parts and 36 chapters. Part-I details Syllabus, scheme, scope and text of relevant Notifications. Part-II encompasses 36 chapters covering over 1700 Multiple Choice Questions (MCQs) on all these topics including case studies. The chapters also contain the answer key for self-assessment. Part-III contains the text of relevant provisions/extracts of Companies Act 2013, Company Rules, SCRA, SEBI guidelines etc. Part-IV integrates extracts of Indian and International Corporate Governance Codes/ Guidelines for reference and further readings. Key Features A useful guide for Independent Director aspirants appearing for online proficiency self assessment test. Covers entire syllabus viz, company law, SEBI guidelines, corporate governance etc. Includes case studies. Over 1700 Multiple Choice Questions (MCQs) with answer key. Author's own experiences and learning as Independent Director shared in MCQs. Useful for other MBA/Commerce/Corporate Governance students.

Author : Vasudha Joshi
Publisher : Foundation Books
Page : 188 pages
File Size : 54,8 Mb
Release : 2004
Category : Business & Economics
ISBN : 8175962046

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Corporate Governance by Vasudha Joshi Pdf

Corporate governance is part of an economy's system which has today become the most important mechanism for resource allocation. It is affected by capital market, block holders, institutional investors, proxy wars, company law and capital market regulations, and many other macro-economic as well as political factors. Historical evolution of corporate governance naturally has a bearing on current developments. This book is an attempt to weave these factors together coherently. Much of the concerned literature revolves around the agency problem, while in developing countries expropriation of small shareholders is the governance problem. However, shareholder activism is not likely to resolve the issue. Many more measures, from audit committees of the board, rigorous disclosures, exercise of voting rights by institutional investors, strict monitoring by capital market regulator to takeover bids are required to ensure corporate accountability.

Author : Yuan Zhao
Publisher : Kluwer Law International B.V.
Page : 242 pages
File Size : 50,8 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9789041136046

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Corporate Governance and Directors' Independence by Yuan Zhao Pdf

More and more, the agenda of corporate governance reform has been calling for a dramatic change in the composition and structure of boards of publicly traded companies, with particular criticism reserved for the role of independent directors. This timely, ground-breaking book takes a new and rigorous approach to this important issue. Investigating board independence from a distinctly original perspective, the author's systematic analysis explores the effective interaction of such aspects as the following: What specific functions are expected of independent directors? How these functions fit with the unitary board structure? Why independent directors are seen as inherently necessary for corporate governance? Whether board independence can be compatible with other governance mechanisms? How mainstream company law is applied to independent directors. The analysis leads to a series of solutions designed to eliminate the real and perceived obstacles to the proper functioning of independent directors. In the process, the author discusses such critical 'moments' in corporate governance as monitoring, public relations, social responsibility, shareholder activism, the danger of 'groupthink', remuneration, collective liability, and codes of conduct. The discussion and analysis chart a course through which independent directors can better serve the goal of improving the system of corporate governance. As such, it will be greatly appreciated by investors, corporate counsel for institutional investors, and policymakers and academics in relevant areas of both business and law.

Author : Dr Vincent Ribiere
Publisher : Academic Conferences and publishing limited
Page : 128 pages
File Size : 53,7 Mb
Release : 2018-05-24
Category : Electronic
ISBN : 9781911218821

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ICMLG 2018 6th International Conference on Management Leadership and Governance by Dr Vincent Ribiere Pdf

These proceedings represent the work of researchers participating in the 6th International Conference on Management, Leadership and Governance (ICMLG 2018) which is being hosted this year by the Institute for Knowledge and Innovation Southeast Asia (IKI-SEA), a Centre of Excellence of at Bangkok University, Thailand on 24-25 May 2018.

Author : Ernest Lim
Publisher : Cambridge University Press
Page : 655 pages
File Size : 49,6 Mb
Release : 2019-08-22
Category : Business & Economics
ISBN : 9781108426589

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A Case for Shareholders' Fiduciary Duties in Common Law Asia by Ernest Lim Pdf

Reconceptualises the general meeting, controlling shareholders and institutional investors as fiduciaries in four leading common law Asian jurisdictions.

Author : Dr. K. R. Chandratre
Publisher : Bloomsbury Publishing
Page : 585 pages
File Size : 43,7 Mb
Release : 2020-05-10
Category : Business & Economics
ISBN : 9789390077830

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SEBI Listing Obligations and Disclosure Requirements – A Handbook, 1e by Dr. K. R. Chandratre Pdf

About the book The book provides detailed analysis of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 which replaced the Listing Agreement and were notified on 2nd September 2015. These Regulations impose considerable volume of compliance obligations on listed entities and every listed entity is obligated to comply with them. The volume of the Regulations and the pace at which they have been undergoing frequent changes makes the task of compliance a hard one for the compliance officers. This book attempts to simplify the complex mass of the Regulations and bring in the relevant provisions of the Companies Act, 2013 so as to assist the compliance officers in their task of compliance. These Regulations apply to the listed entity who has listed any of the following designated securities on recognised stock exchange(s): (a) Specified securities listed on main board or SME exchange or institutional trading platform; (b) Non-convertible debt securities, non-convertible redeemable preference shares, perpetual debt instrument, perpetual non-cumulative preference shares; (c) Indian depository receipts; (d) Securitised debt instruments; (e) Security receipts; (f) Units issued by mutual funds; (g) Any other securities as may be specified by the Board. It would be immensely useful for Company Secretaries, Law professionals & Chartered Accountants. Key highlights Covering detailed analysis of provisions applicable for listing of specified securities on recognized stock exchange(s). Topics have been thoroughly explained using judicial pronouncements.

Author : Gaurav Pingle
Publisher : Bloomsbury Publishing
Page : 644 pages
File Size : 47,8 Mb
Release : 2021-06-10
Category : Law
ISBN : 9789354351150

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Handbook on Securities Laws by Gaurav Pingle Pdf

About the Book 'Securities Law' is not independent topic in itself and to understand the subject, the student or professional should be aware of some basic and important corporate law concepts e.g. company, types of companies (private company / public company), members /shareholders, shares, debentures, voting rights, listing of shares, prospectus, stock exchange, rights and obligations of shareholders and directors, etc. Handbook on Securities Laws cover these concepts in detail along with discussion on every section/clause of some important legislations like SEBI Act, 1992, Depositories Act, 1996 and Securities (Contract) Regulation Act, 1956. Wherever necessary, reference to the relevant provisions of the Companies Act and Rules, Rules and Regulations made under respective Acts and also SEBI's Annual Report has been given. Some of the key points and issues like powers of SEBI, penalty and adjudication under SEBI Act, UPSI and its materiality, etc. are discussed in the light of latest judgments of the Court or Tribunals.

Author : Véronique Magnier
Publisher : Edward Elgar Publishing
Page : 224 pages
File Size : 52,7 Mb
Release : 2017-08-25
Category : Business & Economics
ISBN : 9781784713560

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Comparative Corporate Governance by Véronique Magnier Pdf

Comparative Corporate Governance considers the effects of globalization on corporate governance issues and highlights how, despite these widespread consequences, predictions of legal convergence have not come true. By adopting a comparative legal approach, this book explores the disparity between convergence attempts and the persistence of local models of governance in the US, Europe and Asia.

Author : Dheeraj Kumar Singh
Publisher : Innovative Institute
Page : 184 pages
File Size : 52,7 Mb
Release : 2024-06-10
Category : Law
ISBN : 8210379456XXX

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UGC NET JRF Commerce Book - Legal Aspect of Business 2024 Edition by Dheeraj Kumar Singh Pdf

Author : Roman Tomasic
Publisher : Taylor & Francis
Page : 285 pages
File Size : 51,7 Mb
Release : 2016-11-10
Category : Law
ISBN : 9781317662174

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Routledge Handbook of Corporate Law by Roman Tomasic Pdf

The Routledge Handbook of Corporate Law provides an accessible overview of current research in the field, from an international and comparative perspective. In recent years there has been an explosion of corporate law research, as this area of law continues to develop rapidly throughout the world. Traditionally, Anglo–American corporate law theory has dominated debates and publications; however, this handbook readdresses the balance by exploring the treatment of corporate law in both Europe and Asia, as well developments in the US and UK. Bringing together a wide range of key thinkers in the field, this volume is divided into three main parts: Thinking about corporate law Corporate law principles and governance Some cross-cultural comparisons Providing up-to-date and authoritative articles covering all the key aspects of corporate law, this reference work is essential reading for advanced students, scholars and practitioners in the field.

Author : Jean J. du Plessis,Chee Keong Low
Publisher : Springer
Page : 302 pages
File Size : 40,5 Mb
Release : 2017-04-19
Category : Law
ISBN : 9783319518688

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Corporate Governance Codes for the 21st Century by Jean J. du Plessis,Chee Keong Low Pdf

The book is the first comprehensive consideration, since the UK Cadbury Report recommended a voluntary Corporate Governance Code, of the question whether Corporate Governance Codes are the most effective way of ensuring adherence to good corporate governance principles. There is no doubt that the idea of voluntary compliance with good corporate governance practices, based on the principle of ‘comply or explain’, has captured the imagination of the world. It is probably one of the best and most comprehensive examples of ‘self-regulation’ ever seen in any area where the society could be affected significantly, for current purposes by corporations.However, is this the most effective way of ensuring that corporations act responsibly and adhere to good corporate governance principles? Have these Codes really improved corporate governance practices significantly? Is it time for a rethink and, at least in certain areas, start to rely more on ‘hard law’ and clearer expectations to ensure compliance? All these issues are addressed in the book.

Author : OECD
Publisher : OECD Publishing
Page : 236 pages
File Size : 53,7 Mb
Release : 2018-11-06
Category : Electronic
ISBN : 9789264307490

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Corporate Governance Flexibility and Proportionality in Corporate Governance by OECD Pdf

This OECD report presents the results of an OECD review on flexibility and proportionality practices in seven different areas of corporate governance regulation. The review covers 39 jurisdictions and six in-depth country case studies.