Corporate Governance Practices

The CCI, which comes under the Ministry of Corporate Affairs (MCA), keeps a tab on anti-competitive practices in the marketplace and also works towards promoting fair trade practices.

RBI has said that the banking sector needs to tighten its corporate governance and risk management practices to counter Covid-induced challenges

Finance Minister Nirmala Sitharaman on Monday said the advise given by company secretaries to businesses is going to make a lot of difference as only "well-managed" companies following good governance practices are attracting investors.

With the new Congress government in Rajasthan having suspended the practice of playing the national anthem and the national song at the Jaipur Municipal Corporation (JMC) headquarters, a war of words has broken out between the city's Mayor Vishnu Lata and his predecessor Ashok Lahoti.

The government is focusing on "practical and realistic steps"to make housing affordable, Parekh said.

Consumer Affairs Minister Ram Vilas Paswan on Tuesday told the Lok Sabha that government had received 12 complaints against e-commerce companies such as Flipkart and Newlook Retails in the past three years over alleged money laundering, fraudulent transactions and unfair trade practices, among others.

The Department of Consumer Affairs had filed a suit against Nestle India in August seeking damages for alleged unfair trade practices, false labeling and misleading advertisements.

America's multinational retail corporation, Wal-Mart has come under scanner of the Central Vigilance Commission (CVC) which has summoned country head of the retailer amid allegation that it gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.

Acting against Nestle India over the Maggi issue, the government on Tuesday approached the National Consumer Disputes Redressal Commission seeking damages worth Rs 640 crore from the company on charges of unfair trade practices, false labelling and misleading advertisements of the popular noodles brand.

The Congress has charged ruling All India NR Congress (AINRC) with adopting unfair labour practices, as seen in delay in disbursing pending wages to temporary staff of the Civil Supplies Corporation (PAPSCO) and initiating action against staff seeking wages.

Besides, Sebi is looking into herald the global best standards on corporate governance practices of the listed companies. The listing agreement signed by the companies with the stock exchanges would be converted into listing regulations for better enforcement of the Listing norms.

Employee stock options are a practice followed world over and the market regulator has outlined certain safeguards to improve the governance and transparency of the schemes and also address concerns regarding potential market abuse.

Amid a growing number of scams related to corrupt practices in corporate India, Sebi has decided to make it mandatory for listed companies to have a whistle-blower mechanism for their employees and directors as part of a new Corporate Governance regime coming into force from October.

Hire or promote a woman to join your board of directors now to reap better results. According to a research, even one woman on the board of directors in a firm can lead to stronger corporate governance practices than those with no women.

To exhort listed companies and their top executives to follow 'good business practices', market regulator Securities and Exchange Board of India (Sebi) has cleared new corporate governance norms that require them to justify CEO salaries, put in place whistle-blower policies and have orderly succession plans.

The CCI, which comes under the Ministry of Corporate Affairs (MCA), keeps a tab on anti-competitive practices in the marketplace and also works towards promoting fair trade practices.

RBI has said that the banking sector needs to tighten its corporate governance and risk management practices to counter Covid-induced challenges

Finance Minister Nirmala Sitharaman on Monday said the advise given by company secretaries to businesses is going to make a lot of difference as only "well-managed" companies following good governance practices are attracting investors.

With the new Congress government in Rajasthan having suspended the practice of playing the national anthem and the national song at the Jaipur Municipal Corporation (JMC) headquarters, a war of words has broken out between the city's Mayor Vishnu Lata and his predecessor Ashok Lahoti.

The government is focusing on "practical and realistic steps"to make housing affordable, Parekh said.

Consumer Affairs Minister Ram Vilas Paswan on Tuesday told the Lok Sabha that government had received 12 complaints against e-commerce companies such as Flipkart and Newlook Retails in the past three years over alleged money laundering, fraudulent transactions and unfair trade practices, among others.

The Department of Consumer Affairs had filed a suit against Nestle India in August seeking damages for alleged unfair trade practices, false labeling and misleading advertisements.

America's multinational retail corporation, Wal-Mart has come under scanner of the Central Vigilance Commission (CVC) which has summoned country head of the retailer amid allegation that it gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.

Acting against Nestle India over the Maggi issue, the government on Tuesday approached the National Consumer Disputes Redressal Commission seeking damages worth Rs 640 crore from the company on charges of unfair trade practices, false labelling and misleading advertisements of the popular noodles brand.

The Congress has charged ruling All India NR Congress (AINRC) with adopting unfair labour practices, as seen in delay in disbursing pending wages to temporary staff of the Civil Supplies Corporation (PAPSCO) and initiating action against staff seeking wages.

Besides, Sebi is looking into herald the global best standards on corporate governance practices of the listed companies. The listing agreement signed by the companies with the stock exchanges would be converted into listing regulations for better enforcement of the Listing norms.

Employee stock options are a practice followed world over and the market regulator has outlined certain safeguards to improve the governance and transparency of the schemes and also address concerns regarding potential market abuse.

Amid a growing number of scams related to corrupt practices in corporate India, Sebi has decided to make it mandatory for listed companies to have a whistle-blower mechanism for their employees and directors as part of a new Corporate Governance regime coming into force from October.

Hire or promote a woman to join your board of directors now to reap better results. According to a research, even one woman on the board of directors in a firm can lead to stronger corporate governance practices than those with no women.

To exhort listed companies and their top executives to follow 'good business practices', market regulator Securities and Exchange Board of India (Sebi) has cleared new corporate governance norms that require them to justify CEO salaries, put in place whistle-blower policies and have orderly succession plans.