clause 49 - Initial Private Opinion

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Wednesday, February 11, 2009 12:24 PM

Corporate Governance reforms?

I was on a conference call with the Asian Corporate Governance Association (ACGA) on the Satyam episode and it's lessons. I re-iterated that there were some areas including corporate disclosures which needed a wholesome overhaul in it structure and...
Posted by Sandeep Parekh | 1 comment(s)
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Tuesday, December 30, 2008 7:04 PM

Satyam - Board of directors quorum

A piece in the Times of India quotes an anonymous source in the Ministry of Corporate Affairs commenting on Clause 49 of the Listing Agreement - saying the Board meeting of Satyam will not be able to take place in the absence of a majority of directors...
Posted by Sandeep Parekh | 1 comment(s)
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Saturday, December 27, 2008 11:34 AM

Satyam – resignation and poor advice

I thought the resignation of Mrs. Mangalam Srinivasan (or at least the one reported in the news) was very mature. It demonstrated contrition, it was humble and it talked the walk by resigning. She stated she had concerns at the meeting but admitted she...
Posted by Sandeep Parekh | 1 comment(s)
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Wednesday, December 17, 2008 1:25 PM

Satyam - name and reputation are upside down - 2

Compensation of independent directors In case you are curious, here is the list of the independent directors of Satyam and what they were paid last year for attending 3 to 4 Board meetings: Prof. Krishna G Palepu (non-independent but non-executive member...
Posted by Sandeep Parekh | 10 comment(s)
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Wednesday, December 17, 2008 8:04 AM

Satyam - name and reputation are upside down

The story till now in brief: Satyam, one of the leading software and BPO companies of India declared yesterday (16th Dec) after market close that it was planning to buy large stakes (100% and 51%) in two promoter companies. Maytas and Maytas Infrastructure...
Posted by Sandeep Parekh | 8 comment(s)
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Saturday, November 01, 2008 11:27 PM

The government is above the law - Corporate Governance in public sector

A first of its kind SEBI (Securities and Exchange Board of India) order against GAIL India (a listed government controlled company registered under the Indian Companies Act 1956 as a government company) was passed on the 27th Oct 08. It relates to applicability...
Posted by Sandeep Parekh | 4 comment(s)
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