Excellence Enablers Private Limited

19/05/2017

The data security breach at Zomato has exposed the dark side of cyberspace and the risk of personal data misappropriation. As cyber risk becomes an alarming issue, only a few large firms are making it a regular boardroom agenda. Concerns regarding cyber risk management are increasingly considered by Independent Directors in such firms. With India's push towards a cashless economy, overseeing such risks is paramount.

Read more at:
https://lnkd.in/fV-QKDq

02/05/2017

The Stakeholders Relationship Committee (SRC) in one large listed entity is both unseen and unheard in an ongoing corporate movie.
Excellence Enablers recently organised a roundtable on “BREATHING LIFE INTO STAKEHOLDERS RELATIONSHIP COMMITTEE”. For summary of discussions of the deliberation, please refer our monthly newsletter on our website https://lnkd.in/fnmGRcn.

27/04/2017

Securities Commission (SC) Malaysia released the new Malaysian Code on Corporate Governance (MCCG) on April 26, 2017. The new code, which supersedes its earlier edition, embarks on a new approach to promote greater internalisation of corporate governance culture in the country. Some of the key features of the Code include ‘Comprehend, Apply and Report approach’, ‘Apply or explain an alternative approach’ etc.

Read more at:

https://lnkd.in/fAn739G

25/04/2017

A day before Wells Fargo’s annual shareholder meeting, activist shareholders’ proposal demands that the Wells Fargo board orders a comprehensive report about the root causes of the bank’s fraudulent activity and the steps taken to improve risk management and control processes.The report would be made available by October, if the proposal.

Read more at: http://www.mercurynews.com/2017/04/24/activists-pressure-wells-fargo-before-shareholders-meet/

Activist shareholders of Wells Fargo on Monday demanded the besieged financial behemoth fully investigate the “systemic failures” that nurtured a culture of high-pressure sales tactics …

25/04/2017

Infosys is allegedly in midst of expansion of its Board by inducting two new Directors to its Board. Further, it is revealed that the promoter shareholders will give a list of potential Directors to Cyril Amarchand Mangaldas, Law firm, who in turn will pass it on to the Nomination and Remuneration Committee. The speculated induction is allegedly a move to please its promoter shareholders after concerns were raised by them about corporate governance lapses in the Company.
Read more at:
https://lnkd.in/fpvBQen

Infosys currently has a 10 member board.

24/04/2017

Mr. Klaus Kleinfeld, CEO, Arconic (ARNC) was made to exit the company following an inappropriate letter written by him to Mr.Paul Singer, Founder, Elliott Management, an American hedge fund firm.
Elliott Management was seeking big changes at Arconic, including the removal of Kleinfeld as CEO.

Read more at: http://money.cnn.com/2017/04/20/investing/arconic-ceo-soccer-ball-elliott-management/

Klaus Kleinfeld, the former CEO of Alcoa spin-off Arconic, is out of a job after writing an odd letter to hedge fund manager Paul Singer. Kleinfeld mocked Singer for his behavior at the 2006 World Cup -- and sent him a soccer ball.

24/04/2017

A series of interfaces with the entire range of stakeholders of corporate governance has given rise to questions, issues and concerns, and, happily, some suggestions. Here is a close and hard look at some issues that have occupied considerable mind space in recent times.

Read more:http://excellenceenablers.com/media/Excellence-Enablers-Newsletter-feb2017.PDF

21/04/2017

Mr. Rajiv Bansal, Former Chief Financial Officer, Infosys has allegedly invoked the arbitration clause in his severance contract seeking complete payment of the agreed amount. The alleged move has yet again raised concerns of corporate governance related issues that has affected growth at India's second-largest technology services firm in recent months.

Read more at:
https://lnkd.in/f--R4sh

Bansal has invoked the arbitration clause in his severance contract seeking complete payment of the promised Rs 17.38 cr

20/04/2017

To many persons, Corporate Governance is no more than tick box compliance. The value it delivers to stakeholders is often lost sight of.
We bring to you the highlights of a conversation at our Gatekeepers of Governance-
Corporate Governance Summit -2016, between Mr. Yezdi Malegam, Former Chairman, Naitonal Advisory Committee and Mr. M. Damodaran, Chairman, Excellence Enablers on the subject “Why Governance?”.

Read more at: http://excellenceenablers.com/newsletter.html

19/04/2017

Excellence Enablers recently hosted a Roundtable on ‘Breathing Life into Stakeholders Relationship Committee' in Mumbai on April 8, 2017. This Roundtable shed light on the significance of this committee and the attention that it deserves.
The Roundtable was attended by Chairpersons, Independent Directors, Chiefs of organisations and senior Compliance Officers.

17/04/2017

In an attempt to patch up with the founders over corporate governance-related issues, Infosys has appointed its Independent Director, Mr. Ravi Venkatesan, as Co-Chairman of the Board. Mr. Venkatasan is currently also serving as Chairman of Bank of Baroda. The appointment has happened at a time when there is an ongoing spat between the founders and the management over several issues.
Read more at:
http://www.thehindubusinessline.com/info-tech/infosys-names-ravi-venkatesan-as-cochairman/article9635708.ece

Infosys has appointed Independent Director Ravi Venkatesan as co-Chairman in an attemp

13/04/2017

The fourth meeting of the OECD-Southeast Asia Corporate Governance initiative took place in Cambodia on 11-12 April 2017. The objectives of this meeting were to identify key policy options for the South Asian authorities to improve corporate governance, spur capital market development and enhance the attractiveness to foreign investment. Mr. Masato Kanda, Deputy Commissioner, OECD Corporate Governance Committee, mentioned during the meeting that that the main premise for corporate governance is to push economic growth and social inclusion.

Read more at:
http://www.khmertimeskh.com/news/37499/bid-to-push-effective-corporate-governance/

The fourth meeting of the OECD-Southeast Asia Corporate Governance Initiative, aiming to raise private company executives awareness of corporate governance, kicked off on Tuesday. Th...