The Nomination and Remuneration Committee (NRC) plays a pivotal role in the composition of the Board and of the leadership of a company. It also plays an essential role in influencing the culture of a company. It ensures that the right persons occupy the right positions, and that their performance and pay are aligned with....
Once limited to handling only investor grievances, the Stakeholders Relationship Committee’s (SRC’s) role is now expanding to consider the interests of all stakeholders. As with any committee, for it to be effective, the composition, the number of meetings, and a proper mandate are important. Excellence Enablers recently published its 6th Annual Corporate Governance Survey, focussing....
Risk Management Committee (RMC) is a committee created under SEBI LODR Regulations (LODR). It was not conceived as a Board level committee under the Companies Act, 2013. Further, the applicability of RMC, while expanding, does not extend to all the listed companies in India. As risks evolve faster than ever, RMCs are becoming increasingly important.....
The Prevention of Sexual Harassment (POSH) Act, 2013 is not just another enactment. It is a moral and governance imperative that protects the dignity of every employee. It promotes the principle of a safe environment for employees. Transparent reporting, empowered internal committees, and ongoing awareness programmes reflect how seriously managements and Boards consider this mechanism. ....
A company being an artificial legal entity, cannot take decisions on its own. As a result, the decision-making authority vests in individuals, who are entrusted with running the company and safeguarding its interests. This body of persons is known as the Board of Directors and the management. A Director is a person appointed to the Board....
Compliance refers to the adherence to applicable laws, rules and regulations. Every company is required to conduct its business in a lawful and ethical manner, by complying with all the laws applicable to it, such as Central laws, State laws, and sector specific laws. Adherence to laws and regulations is mandatory, and any failure to....
Board of Directors is critical in shaping the strategy of a company. Given the importance of the role played by the Board, it is necessary to periodically assess whether it is performing its role well. In today’s rapidly changing business environment, a strong and effective Board is critical to a company’s success. To ensure this,....