The Reserve Bank of India (RBI) has constituted a 6-member committee, under the chairmanship of former secretary of MCA Tapan Ray, to strengthen the corporate governance framework of systematically important Core Investment Companies (CICs). These are Non-Banking Financial Companies (NBFCs) which have their assets predominantly as investments in shares for holding stake in group companies ..
Corporate Governance: GK, Current Affairs, Questions, Trivia and News
The Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) has signed a Memorandum of Understanding (MoU) for data exchange between the two regulatory organizations to ensure better regulatory oversight. Components of MoU Facilitating the sharing of data and information between SEBI and MCA on an automatic and regular basis. Enabling ..
Dhivya Suryadevara, an Indian-American woman, has been named the Chief Finance Officer (CFO) of the US’ largest automaker, General Motors (GM). With this, she will become the first woman CFO in the auto industry. Currently, she is the vice president of corporate finance and will succeed Chuck Stevens on 1st September 2018. She will report ..
The Uday Kotak Committee on Corporate Governance had given various recommendations on Independent Directors (ID). An ID is a director on a company’s Board other than a managing director, whole-time director or a nominee director. He / She is required to take an autonomous view of the going on in a company while overseeing its ..