Introduction Artificial Intelligence (‘AI’) has not been traditionally considered a core pillar of corporate governance. However, in today’s rapidly evolving business landscape, AI has become an essential tool for companies to remain competitive, agile, and compliant. As organizations navigate complex regulatory environments, AI offers transformative solutions for enhancing governance, improving decision-making, managing risks, and ensuring....
Introduction Corporate governance involves the rules and processes by which companies are directed, ensuring transparency, accountability, and ethical conduct. It aims to balance the interests of stakeholders, including shareholders, employees, and customers. In India, institutional investors have gained significant influence over corporates as their investments in companies have grown. With this power, institutional investors have....
In today’s world, inclusive governance has become an essential ingredient for achieving long-term success. At its core, inclusive governance is about ensuring that not only does the organisation have individuals from diverse backgrounds, experiences, and perspectives, but that they are also included in the process of decision-making. This approach helps ensure fairness, and equality, and....
Board of Directors plays a crucial role, helping co-create strategy, which decides the future of a company. The Board is responsible for guiding the company, and its management, and ensuring that the company is for the long run. It is also to ensure that the management plays its role well. Each Director is therefore tasked....
The recent wave of amendments issued by the Securities and Exchange Board of India (‘SEBI’) to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations’) has left many companies and corporate governance professionals grappling for clarity not just on what has changed, but on why and how quickly. A major overhaul was announced....
The Reserve Bank of India (RBI) has multifarious responsibilities, which it discharges to ensure that the financial sector, especially the banking sector, is kept in good shape. Together with the Ministry of Finance, the RBI is responsible for the growth, with stability, of the Indian economy, in a manner that best serves the interests of....
Board meetings being of paramount importance, the role of the Chairperson has remained increasingly pivotal. In all companies, whether listed, or unlisted, irrespective of ownership, the Chairperson plays a crucial role in establishing Board effectiveness, shaping the strategic vision of the company and acting as a custodian of sound values. The Chairperson heads the Board....
In a Governance landscape, it is crucial to understand the fundamental distinction between the roles of two vital pillars of the Company, i.e. the Board and the Management. Given their respective positions, the roles of the two significantly differ in terms of their responsibilities, authorities and focus. What is prevalent in the Indian context is....
Culture Initiates at the Top Organisational culture does not get created on its own, it is created over time by the leadership. The term tone at the top refers to how leadership influences the company’s ethics and value system. When those in leadership positions act with integrity, engage in open communication, maintain accountability, and practise....