The Hub August, 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.

The responsibility for the oversight of an organization’s sustainability and environmental, social, and governance (ESG) matters lies firmly with the board of directors. They are ultimately accountable for the long-term success of an organization, and it is important as part of modern corporate governance to embed sustainability and ESG into decision-making and long-term growth strategies. Therefore, companies on a sustainability transformation journey need strong board leadership and members with adequate sustainability literacy.

Setting in the Hub – August, 2023 issue highlights “The Role of the Board in the Sustainability Era” a survey report from Heidrick & Struggles | BCG | INSEAD Corporate Governance Centre.

Vignettes showcase an article by Shri Cyril Shroff, Managing partner, Cyril Amarchand Mangaldas, titled “Shooting sparrows with cannons?”

Regulatory Worktop shares the key updates about, a) SEBI issues consultation paper on cyber security, resilience framework, b) RBI Inter-Departmental Group (IDG) report on Internationalisation of INR, c) SEBI’s new BRSR Core Framework for ESG Disclosures, d) NFRA Circular on Statutory Auditors’ Responsibilities in relation to Fraud in a Company and e) SEBI asks MIIs to develop common Online Dispute Resolution portal.

Regulators Eye focus on the key updates relating to a) Corporate Governance remains just on paper in many large Indian companies, b) Byju’s formed ‘Board Advisory Committee’ to offer advice and guidance to company’s board, c) Impact of CSR funds ‘not widely felt’ despite jump in spending: Ministry of Corporate Affairs, d) ZEE shareholders reject reappointment of Alicia Yi as independent director and e) IDFC First Bank to merge with IDFC, makes India's largest corporate deal.

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers Training on Business Responsibility and Sustainability Reporting (BRSR) | CII | August 9-10, 2023 and National Conference on “Women Entrepreneurship” | FICCI | August 10, 2023.

Global Events, suggested are Risk Oversight | NACD | August 17, 2023 and Climate Governance Forum 2023 | Australian Institute of Company Directors | August 11, 2023.