The Hub July, 2022, monthly e-newsletter from Independent Director's 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, governance practices and experience sharing by Independent Directors.

Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. For a business, assessment and management of risks is the best way to prepare for eventualities that may come in the way of progress and growth. When a business evaluates its plan for handling potential threats and then develops structures to address them, it improves its odds of becoming a successful entity. Progressive risk management ensures risks of a high priority are dealt with as aggressively as possible. Moreover, the management will have the necessary information that they can use to make informed decisions and ensure that the business remains profitable.

Setting in the Hub – July, 2022 issue highlights "Executive Perspectives on Top Risks" a research report from North Carolina State University's ERM Initiative and Protiviti.

Vignettes showcase the survey report titled Global and Regional Trends in Corporate Governance in 2022 authored by Harvard Law School Forum on Corporate Governance (Richard Fields, Rusty O'Kelley III, and Laura Sanderson, Russell Reynolds Associates).

Regulatory Worktop shares the key updates about, a) Extension of timelines by MCA for passing Online Self-Assessment by Independent Directors, b) The Insolvency Law Committee submitted its report to MCA, c) RBI issue Draft Master Direction on Outsourcing of IT Services by Banks & NBFCs, d) Discussion paper on changes in the corporate insolvency resolution process to reduce delays and improve the resolution value, and e) Audit Quality Report on EY member firm SRBC & co for deficiencies in IL&FS Audit;

Regulators Eye focus on the key updates relating to a) Adani Group pledges Rs. 60,000 crore towards social responsibilities, b) UK institute pushes ethical code after corporate scandals; c) Bombay High Court declines to bar YES Bank from voting at Dish TV’s EGM; d) WTO agrees on major points including fishing, food, e-commerce and Covid vaccine deals, and e) World Bank cuts India's FY23 GDP forecast to 7.5% in latest Global Economic Prospects Report,

Events showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers CII SR Sustainability Summit 2022 - Southern Region | Chennai | July 28-29, 2022 and Advanced Corporate Strategy | IIM Bangalore | July 29 – Oct 31, 2022.

Global Events, suggested are 2022 ICGN Japan Forum | Japan’s Corporate Governance Code in Practice | July 14, 2022, 16:00 - 18:30 JST / 08:00 - 10:30 BST and Certificate of Team Leadership in Crisis Risk Management |Professional Risk Managers' International Association (PRMIA)| July 25 – Aug 03, 2022