The Hub May 2021, monthly e-newsletter from Independent Directors’ Databank gives you a broad view of developments happening around Regulatory framework, Corporate world among other updates.

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

Appointing the CEO and setting the strategy of the organization are two of the most important levers the board can use to drive organizational performance. A key enabler of performance is the right culture. Just as the board must be clear about the strategic direction of the organization, it must also be clear about the kind of culture required to enable its achievement. High-performing boards ensure that strategy, culture and leadership are intimately aligned with the purpose of the organization and the promise of its brand to customers and stakeholders. The board should be deliberative in shaping the culture required for strategy achievement, acting as an exemplar in the carriage of its role.

Setting in the Hub – May, 2021 issue highlights “Do boardroom biases influence corporate decisions?” Board culture of an organization affects every aspect of the board governance and also receives impacts in turn. Board and management had developed a great strategy, but could not get traction in implementing it. On closer investigation, the organization didn’t have the right cultural underpinning.

Vignettes showcase experience of professional Independent Director Mr. VIJAYARAGHAVACHARI RANGANATHAN on “Future architecture of banking and NBFCs”.

Regulatory Worktop, shares the key updates about, RBI constituted Regulations Review Authority, b) IBBI notifies Pre-packaged Insolvency Resolution Process Regulations, 2021, c) RBI announced relief for External Commercial Borrowers, d) Payment Bank deposit cap enhanced by RBI e) SEBI’s guidelines on reporting formats for mutual funds and f) MCA addressing Covid Challenge by modification in CSR Rules.

Regulators Eye focus on the key updates relating to a) Tata-Mistry Case: A Bittersweet Victory for The Tata Group, b) Increase in FDI limits to transform Indian Insurance Sector, c) The New Diversity Approaches Corporations require, d) Digital Services Tax: Not about India vs US e) Decoding ESG action and reporting for India Inc. and f) CFOs are adopting cybersecurity skills as Covid spurs digitalization

Events Expo showcase relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers Economic Times: one-day online masterclass for the board of directors to learn their rights, duties & functions. |21st May| and Executive Development Program for Strategic Management by XLRI Jamshedpur, |16th May, 2021|.

Global Events, suggested are INSEAD - M&As and Corporate Strategy open course for 8 days via a live virtual medium. |31st May| and Corporate Finance Institute (CFI) - an online and self-paced course on Introduction to ESG.