The Hub June, 2023, 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.

Rapidly changing technologies and shifting business conditions are forcing organizations to rethink how they operate. Organizational transformation efforts are taking place at all levels; senior leadership teams are targeting their organization's culture for transformational change. In order for transformation to be successful, leaders must approach it in ways designed to mitigate emotional harm to — and drive emotional commitment from — employees. The workforce bears the brunt of failed transformations, and the emotional damage can be substantial as employees lose confidence in leaders. A major outcome of transformation is that the organization becomes open to the possibility of integrating and adopting new technologies and business processes.

Setting in the Hub – June, 2023 issue highlights “The State of Organizations 2023” a Research Report from McKinsey & Company.

Vignettes showcase extract of talk by Shri Shaktikanta Das, Governor, RBI titled “Governance in Banks: Driving Sustainable Growth and Stability”.

Regulatory Worktop shares the key updates about, a) SEBI proposes to cut listing time for IPOs from 6 days to 3 days, b) Banks to ensure complete transition away from LIBOR: RBI, c) Consultation paper on draft SEBI (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023, d) Government set-up Centre for Processing Accelerated Corporate Exit and e) SEBI Consultation Paper on strengthening of Investor Grievance Handling Mechanism through SCORES.

Regulators Eye focus on the key updates relating to a) Professionals under scanner for unethical practices, b) Siemens India’s sale of business unit against minority shareholders: Analysts, c) Indian companies looking for younger independent directors, d) SEBI notice to PTC India financial arm citing governance lapses, and e) ED search at Manappuram Finance highlights corporate governance challenges in India: Fitch Ratings.

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers International Standards on Sustainability Reporting | FICCI | June 08, 2023 and BRSR – Online Certificate Course | ICAI | June 14, 2023.

Global Events, suggested are Evidencing the Contribution of Gender Balance to Board Effectiveness | Lintstock Panel Discussion | June 14, 2023 and What CIOs Want Boards to Know | NACD | June 20, 2023.