The Hub January, 2023, wish you a very healthy and prosperous “New Year”. The Hub is a 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, governance practices and experience sharing by Independent Directors.

The impact of biodiversity loss can be extensive and often unrealized, causing disruption to supply chains, increasing regulatory compliance costs and potentially eroding social license. However, many companies have only just begun to explore their impact on biodiversity loss and only a small number of pioneering companies have published credible biodiversity strategies with robust biodiversity goals aligned to the Science-Based Targets Network. Investors are also increasingly considering how to address biodiversity as part of their assessments and how they direct capital toward companies that can demonstrate and report on their biodiversity strategy. Therefore, business should consider including biodiversity and natural capital into their mainstream risk register.

Setting in the Hub – January, 2023 issue highlights “Biodiversity Risk: Legal Implications for Companies and their Directors” a research paper from Commonwealth Climate and Law Initiative.

Vignettes showcase an article from Dr. Anil K. Khandelwal, Ex-MD, Bank of Baroda titled “Boards’ New Manifesto - Improving oversight on Human Capital Issues”.

Regulatory Worktop shares the key updates about, a) SEBI Consultation Paper on Strengthening the Investor Grievance Redressal Mechanism, b) RBI’s Financial Stability Report – December 2022, c) Government’s Public Enterprises Survey FY 2021-22, d) Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees - Guidelines and e) SEBI Consultation paper on Regulatory Framework for Index Provider

Regulators Eye focus on the key updates relating to a) Activist investor calls for BlackRock CEO to step down over ESG ‘hypocrisy’, b) Resignations at PTC India Financial Services put focus on governance, c) Infosys@40: From an idea to a $71.41 bn company, d) Reliance Industries Ltd is India's most-visible company, and e) C&AG finds top CPSEs not following corporate governance norms

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers Green deals & Emerging Legislation | Bombay Chamber of Commerce & Industry | January 20, 2023 and CII National CSR Summit- ‘Future of CSR-The Enablers’ | January 23, 2023.

Global Events, suggested are How Your Company Can Be More Strategic About its Tech Spending | Harvard Business Review | January 24, 2023 and Board Fundamentals: What Every Lawyer Should Know | Stanford Law School | January 19, 2023