23 December 2020, Mumbai: Company boards and managements have been delivering a jeremiad, lambasting regulators for asking them for too much data and disclosures. To most meeting the 2˚C target is equivalent of asking them to boil the ocean: the CSR spend is their badge of good corporate citizenship. For investors, sifting through reams of data and understanding the taxonomy is the equivalent of the bucket challenge: “it is the current rage, so I am doing it, but will it deli

In this guest blog Tamal Bandyopadhyay quotes extracts from his just published book `Pandemonium: The Great Indian Banking Tragedy’ and highlights the questions galore on governance the book seeks to answer. While I have often – though not always, written about the success stories in the Indian banking sector, my latest book turns a spotlight on the dark underbelly of Indian banking with all its stories of fraud, greed, fear and poor governance. ‘Sensational’ is just a bald s

By Invitation: Srikrishna ‘Krishna’ Sridhar Murthy 2020 will be known for many things and five years of implementation of the CSR law in India will be one among them. Over the last few months the teams at Sattva has been getting many requests from CSR leaders and especially the CxOs and Committee members on the Board, to help them answer questions on their CSR. “It has been five years since we have been funding these kinds of programs, what tangible impact have we created? Ca

India Inc’s FY20 CSR spends continue the trend of being project driven; FY21 spends to be dominated by COVID-19 Summary findings The S&P BSE 100 (BSE 100) companies spent 2.24% of three-year average profits on CSR in FY20, compared to 2.05% in FY19 Companies increased their CSR spend by 20.3% to Rs.102.7 bn in FY20 from 85.3 bn in FY19 79 companies have spent at-least 2% of average three-year profits on CSR activities, compared to 71 last year The three loss making companies

As corporate India re-imagines the workplace post COVID-19, the Ministry of Corporate Affairs too would be well-placed in re-imagining how AGMs will be held. Physical AGMs have long lost their relevance; yet the expanded shareholder reach using the virtual platform in 2020 has begun, in parts, to raise the quality of discourse. Regulators must consider making hybrid meetings a permanent part of the AGM process. Source: Pubs and Publications; the PhD experience - https://www.b