The Hub July, 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.

Disclosures of material information about the sustainability-related risks and opportunities is useful to primary stakeholders of any business entity because an entity’s ability to generate cash flows over the short, medium and long term is inextricably linked to the interactions between the entity and its stakeholders, society, the economy and the natural environment throughout the entity’s value chain. The usefulness of sustainability-related financial information is enhanced if the information is comparable, verifiable, timely and understandable.

Setting in the Hub – July, 2023 issue highlights “General Requirements for Disclosure of Sustainability - related Financial Information” Sustainability Disclosure Standard 1 from International Sustainability Standards Board, IFRS.

Vignettes showcase an article by Mr.Vikram Singh Mehta, Chairman, Centre for Social and Economic Progress, titled “New Custodians of Corporate Governance”.

Regulatory Worktop shares the key updates about, a) SEBI Master Circular for issuers of listed Non-convertible Securities, Securitized Debt Instruments and Commercial Paper, b) Important MCA notifications on Corporate Compliances, c) Latest amendments in SEBI (LODR) 2015, d) IBBI Discussion paper on measures for increasing the possibility of resolution etc and e) SEBI Master Circular on Issue of Capital and Disclosure requirements.

Regulators Eye focus on the key updates relating to a) Focus on quality over quantity in the search for independent directors, b) Hero MotoCorp under Government radar for alleged Related Party Transactions, c) Corporate Governance issues at India’s most valuable startup, d) PFS Chairman did not act in shareholder interest: SEBI, and e) US Regulators looking into Adani’s representation to US investors

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers 3rd International Conference on Financial Reporting and Control | ASSOCHAM | July 21, 2023 and ESG Conclave - India at Centre Stage | ICAI | July 08, 2023.

Global Events, suggested are From Crisis to Resiliency: Shifting Board Perspectives and Expectations | NACD | July 20, 2023 and Board Risk Committee Essentials | Singapore Institute of Directors | July 14, 2023.