The Hub June, 2024, 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.

Corporate minutes have been failing to cover key topics, been approved long after the meetings they document, do not reference advisor presentations, and otherwise undermine the judicial authorities’ confidence that they accurately document the material factors that motivated the board’s actions, then they have been given little weight as positive evidence favoring the directors’ position in litigation. Poor minuting practices have also opened the door to wide ranging production of emails, texts, and managerial level documents in response to stockholders’ requests for books and records.

Setting in the Hub – June, 2024 issue highlights “Minutes Are Worth the Minutes: Good Documentation Practices Improve Board Deliberations and Reduce Regulatory and Litigation Risk” a research paper from University of Pennsylvania Carey Law School.

Vignettes showcase extract of discussion among Steven Sterin, veteran corporate executive, Karen McLoughlin, Ex-CFO, Cognizant, Frithjof Lund of Mckinsey & Co. titled The rising complexity of board directorship.

Regulatory Worktop shares the key updates about, a) IRADI Master Circular on Corporate Governance for Insurance Companies, b) SEBI Consultation Paper on Facilitating Ease of Doing Business with respect to Business Responsibility and Sustainability Report (BRSR), c) Audiovisual (AV) presentation of disclosures made in Public Issue Offer, d) Latest amendments in Listing and Disclosure requirements under SEBI LODR and e) SEBI’s new framework for determining unaffected price in response to market rumour.

Regulators Eye focus on the key updates relating to a) SEBI is tightening norms for independent directors, b) Corporate Governance: Wake-up call for Startups?, c) Amicable spilt of Godrej Group – Key highlights, d) Start-ups extend support to Digital Competition Bill in a letter to MCA and e) Top PSUs fined for failure to appoint Independent & Women Directors.

Events Expo showcases relevant national and global upcoming events, programs, workshops, conferences, etc. for participation of the members. This issue covers Start-up Board Certification Program – Batch 2 | IICA | August, 2024 and Business Ethics and Corporate Governance | Consulting Engineers Association of India | June 14, 2024.

Global Events, suggested are Unlock boardroom excellence: Discover the power of quality communication | Corporate Governance Institute | June 12, 2024 and Deliberately Designing Board Culture | Governance Professionals of Canada | June 12, 2024.