Tag: Corporate Governance
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Shareholder Activism and Proxy-Advisory Firms
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Low Take-up Rate on D&O Insurance Policies
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Corporate Governance: Transactions with Controlling Shareholders
Two recent events around the world bear eerie resemblances with India’s own corporate governance scandal that came to light in Satyam Computers nearly three years ago. Readers may recall that the Satyam episode was triggered by the company’s proposed acquisition of two related entities, Maytas Properties and Maytas Infra, which was approved by the board…
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Papers on Corporate Governance in India
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Corporate Governance in Emerging Markets
A recent study by Melsa Ararat and George Dallas under the aegis of the International Finance Corporation (IFC) highlights some of the special issues affecting corporate governance in emerging markets. In their paper Corporate Governance in Emerging Markets: Why It Matters to Investors—and What They Can Do About It, the authors comment on the scholarly…
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Miscellaneous
1. Put Options & Foreign Exchange Regulations We have in the past discussed the questions regarding the enforceability of put and call options under securities laws and regulations, primarily the Securities Contracts (Regulation) Act, 1956. In addition, if put options are entered into by foreign investors, the Foreign Exchange Management Act, 1999 and regulations issued…
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Recent Literature on Corporate Governance
Professor Donald Clarke has posted a paper titled ‘Nothing But Wind’? The Past and Future of Comparative Corporate Governance where he examines the trends in comparative corporate governance scholarship and analyzes the direction it is likely to take in the near future. The abstract is as follows: Corporate law scholarship has come a long way…
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Gender Diversity on Corporate Boards
We have been examining the “mandatory vs. voluntary” debate with respect to corporate social responsibility (CSR). A similar debate has arisen with participation of women on corporate boards. Some countries (particularly in Europe) are adopting mandatory quota requirements. Others are adopting a voluntary approach, for example in the UK where executive search firms have published…
