Sucheta Dalal: Mumbai, Scam Investigation, Sucheta Dalal`s Blog

CORPORATE GOVERNANCE

Sucheta Dalal 07 Jun 2005

The latest issue of ‘Boardroom Insider’, an online governance newsletter published by Ralph D. Ward has an interesting take on how CEOs ‘adapt’ to governance reforms. ‘‘How is the relationship between germs and antibiotics like that between CEOs and governance...

Corporate governance thrown to the winds again (21 October 2002)

Sucheta Dalal 07 Jun 2005

Corporate governance can never be reduced to a set of rules enshrined in the market regulators’ rulebook. It is about attitude towards stakeholders and a sense of equity and fairplay. That is why, young Kumar Mangalam Birla may have headed SEBI’s committee on corporate governance,...

Getting Pro-active On Governance Reform (7 April 2003)

Sucheta Dalal 07 Jun 2005

Last week, America’s largest pension fund, CalPERS (California Public Employees Retirement System), announced that it would target six companies for governance reform and put seven others on a watch list for future action. Xerox Corporation topped the list for having what CalPERS said was...

Is Reliance rewriting rules of corp governance

Sucheta Dalal 07 Jun 2005

On January 11, a Joint Director in the Finance Ministry’s Department of Economic Affairs wrote a letter to the Securities and Exchange Board of India (Sebi) asking it to ‘‘look into the matter’’ of a ‘‘note received from Shri Anil D. Ambani regarding...

Corporate governance should begin at home - (23 May 1999)

Sucheta Dalal 30 Nov -0001

Last week Unit Trust of India (UTI), held a round table on corporate governance. Apart from bankers, heads of institutions, chosen chartered accountants, lawyers and sundry friends of UTI, the conference was attended by top bureaucrats of the finance ministry and the department of Company Affairs....

UTI v/s IL&FS -- corporate governance the issue - (14 March 1999)

Sucheta Dalal 30 Nov -0001

The interesting little battle brewing between Unit Trust of India (UTI) and the Infrastructure Leasing & Financial Services (IL&FS) has set the stage for ushering in major changes in the organization of Indian financial institutions (FIs) and to make way for genuine corporate governance. Last...

Value creations should cover compensation practices - (15 August 1999)

Sucheta Dalal 30 Nov -0001

There is a significant difference in the big stock rally, which was kicked off by Yeshwant Sinha’s February budget and is led by foreign financial institutions and newly rich mutual funds. For the first time in India, there is a clear distinction between companies that have created value for...

Against the spirit of the Code and good governance - (14 May 2000)

Sucheta Dalal 30 Nov -0001

Corporate governance may have been the Indian corporate sectors them song for the last few years, but even the best of our companies do not seem to grasp its nuances. The acquisition of over 11 per cent stake in ACC by Gujarat Ambuja Cement is an example. Good corporate governance is not about...

The judiciary will have to help the investors cause - (5 November 2000)

Sucheta Dalal 30 Nov -0001

When companies fail to follow good corporate practices no other stakeholders as badly or immediately affected as minority investors. So much so that investors ought to be in the best position to ensure good corporate governance. Instead, they are the weakest segment of the capital market and rarely...

Bad industries lead to bad results - (30 October 2000)

Sucheta Dalal 30 Nov -0001

After debating how to introduce good corporate governance for several years, the Confederation of Indian Industry (CII) is now set to kick off a massive search for independent outside directors. According to CII, the SEBI Code on Corporate Governance would require the corporate sector to find 3500...