Sebi makes dividend distribution policy must for top 1,000 listed companies
PTI
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy.
The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5.
In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).
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Palladium is a global leader in the design, development and delivery of Positive Impact - the intentional creation of enduring social and economic value. We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.
For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved - and is committed to continuing to improve - economies, societies and most importantly, people s lives.
We wish to inform you that at the meeting of the Board of Directors of the Corporation held today i.e., May 7, 2021, the Board approved the audited financial results of the Corporation (both standalone and consolidated) for the year ended March 31, 2021, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). We would like to state that the statutory auditors of the Corporation have issued audit reports with unmodified opinion on the financial statements. A copy of the said results along with the Reports issued by the Statutory Auditors of the Corporation with unmodified opinion are enclosed herewith as Annexure A. The same are being uploaded on the website of the Corporation i.e.
NiSource Inc. Index Page Executive Summary 36 Summary of Consolidated Financial Results 37 Results and Discussion of Segment Operations 38 Gas Distribution Operations 39 Electric Operations 42 Liquidity and Capital Resources 45 Regulatory and Other Matters 48 Off-Balance Sheet Arrangements 50 Market Risk Disclosures 50 Other Information 51 35 Table of Contents
ITEM 2. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
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Our memory is short and lessons from the past may not always ward off the doom. This is especially true of the VUCA environment we live in, that is Volatile, Uncertain, Complex and Ambiguous. Repeatedly we witness, overconfident and over enthused entrepreneurs erupting on the business stage with their disruptive but complex business models and snare even the biggest banks in their net. We often see large and established banking icons such has Credit Suisse, which instituted extra sturdy risk management systems after the 2008 financial meltdown, falling prey to being shown a picture of the glorious future where they will earn fat fees and executives amassing obscene bonuses. In their single-minded focus on profits and bonuses, they fail to see the underlying weaknesses of the disruptive model, which they are backing. VUCA inevitably teaches a painful lesson to such institutions and individuals.