The Hub November, 2024, monthly e-newsletter from Independent Directors’ Databank provides you a broad view of developments happening around Regulatory framework, Corporate world among other updates.

The featured stories in various sections cover regulatory updates, governance practices and experience sharing by Independent Directors.

Board members and executives are alike excited at the chance to shape a future powered by the latest technologies of the day, including artificial intelligence and generative AI. But this does not come without risk and responsibility. The decisions leaders made today will have pervasive impacts on both the organizations they lead and societies around the world. While AI is not new, its scaled use in the enterprises and by employees brings the question of governance and oversight of AI and gen AI into sharp focus.

Setting in the Hub – November, 2024 issue highlights “Governance of AI: A Critical Imperative for today’s Boards” a report from Deloitte.

Vignettes showcase an article authored by Dr. Niraj Gupta, IICA and Ms. Fernanda Torre, leading expert in the field of sustainability-driven innovation titled Advancing AI Governance in Indian Business: Key Insights and Strategic Guidance for Boards.

Regulatory Worktop shares the key updates about, a) SEBI introduces framework to monitor shareholding of Market Infra Institutions, b) NFRA circular on Responsibilities of Principal Auditor and Other Auditors in Group Audits, c) Listing of Commercial Paper and Certificates of Deposit on the recognised stock exchanges in the IFSC, d) SEBI tightens F&O rules to curb derivatives market frenzy, protect small investor and e) IRDAI (Insurance Fraud Monitoring Framework) Guidelines, 2024.

Regulators Eye focus on the key updates relating to a) A tribute to Ratan Tata, b) High time for internal audit to deep dive in to ESG issues, c) AI-driven cyber attacks top risk for enterprises: Gartner, d) ICAI lacks authority on audit standards; MCA can nullify SQMs: ex-NFRA chief Rangachari Sridharan and e) Accountants see leadership, sustainability, and AI as top ethical concerns: ACCA.

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers Director's Certification Master Class | IICA | December 11-13, 2024 and Masterclass on ‘Digital Business Leadership for CXOs’ | CII & IIM Udaipur | November 6-8, 2024.

Global Events, suggested are Empowering Boards: AI and Workforce | NACD | November 14, 2024 and Strategic Governance for a Disrupted World – Board Pulse 2024 | Boards Impact Forum | November 28, 2024.