minority shareholders to appoint or remove an independent director from the board. Independent directors are appointed as watchdogs who are expected to ensure balanced decisions by the
Board of Directors and to deter fraud. In India, one out of every three directors in every board has to be ‘independent’ and they are appointed for a period of 5 years. “In the recent past, some listed companies have faced shareholder resistance in having non-executive directors re-appointed, but these are relatively rare in the Indian context,” Arka Mookerjee, partner at law firm J Sagar Associates, said in a statement to Business Insider.
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The Columbia University Center For Technology Management Launches A New Workshop On Data Strategy
This one-day course is designed specifically for business and technology executives, directors, and senior managers who are interested in learning how to use data science to drive new business opportunities.
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NEW YORK, Feb. 15, 2021 /PRNewswire/ In response to the proliferation of data required for improved decision-making, the Columbia University Center for Technology Management is hosting an online workshop, The Path to Data Dominance, on Wednesday, February 24, 2021. The workshop is designed to provide executives, directors, and senior managers with the tools they need to develop a more effective data strategy. Attendees will receive a certificate from the Columbia University Center for Technology Management upon completing the workshop.
Banks recap, ARC for stressed assets among steps for financial sector
By IANS |
Published on
Mon, Feb 1 2021 13:18 IST |
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Iran, Syria to launch joint bank to facilitate trade ties. Image Source: IANS News
New Delhi, Feb 1 : The financial sector has seen several announcements in the Union Budget including banks recapitalisation and a ARC for stressed assets.
Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research said that the budget has made a few important announcements in financial sector reforms. It has permitted 74 per cent FDI in the insurance sector which is expected to lead to higher investments and consolidation in the sector.