Corporate governance refers to the set of rules, policies, and practices that companies follow to ensure accountability, transparency, and ethical behavior. In recent years, corporate governance has become increasingly important for businesses in India, as it is a key factor in ensuring long-term sustainability and growth. Against this backdrop, a recent survey by risk advisory firm MCG Global sheds light on the current state of corporate governance in India and highlights the need for continuous improvement in this crucial area.

The Times of India

Corporate governance: Building a stronger, more resilient business environment in India

The MD & CEO is expected to function under the overall supervision, direction and guidance of the board and at the same time, maintain independence in performance of duties. At times, however, we have noticed the dominance of CEOs in board discussions and decision making. It has been seen in such cases that boards are not asserting themselves. We would not like this type of situation to develop. At the same time, there should not be a situation where the CEO is inhibited from doing his duties. Directors and CEOs should, therefore, foster an atmosphere of free and fair discussions in board meetings," Das said in his address to board of directors of private banks.

Economic Times

Bank boards, directors need to be vigilant to questionable corporate governance practices: Shaktikanta Das

The notion of ethical conduct, including its appropriate application by organisational actors tasked with corporate governance responsibilities, is critical for organisational profitability, sustained success as well as for the longevity of going concerns.


The Chronicle

Exploring corporate governance and ethical conduct

Former Commissioner of the U.S. Securities and Exchange Commission (SEC) Troy A. Paredes offers his thoughts on the growing ESG movement in corporate America

The Regulatory Review

U.S: The Promise and Perils of Regulating ESG

Healthy competition and a level playing field are important aspects of a mature economy


ESG is the perfect framework to establish long-term credibility of organisations

Shareholder activism on ESG issues and dissent over executive compensation at U.S. companies are down this proxy season, according to an analysis by ISS Corporate Solutions released Friday

Pensions and Investments

ESG activism down this proxy season, ISS says

With AI and robotics and generative AI we are at an interesting intersection of human vs. machine assuming roles of a CEO.

Forbes

How Should CEO’s Embrace AI Or Will AI Assume CEO Roles?

The FRC announced it has launched the consultation in response to the UK government white paper Restoring Trust in Audit and Corporate Governance, which flagged potential areas for reform with a focus on directors’ responsibilities for internal control, risk, audit and corporate reporting.


ESG Clarity 

FRC consults on update to UK corporate governance code

In a unique collaboration set to enhance the availability of Arabic digital content, the Pearl Initiative, a business led non-profit organisation that promotes accountability in the Gulf region’s private sector has signed a memorandum of understanding with Majarra, the UAE-based Arabic content platform to advance the availability of Arabic-based information relating to corporate governance in the region.

Zawya

The Pearl Initiative Partners with Majarra to publish top Arabic content on corporate governance

Regulators will on Wednesday propose an overhaul of the UK corporate governance code aimed at increasing company boards’ responsibility for accurate accounts

Financial Times

UK company directors face tougher conduct regime

Das met the board of directors of all public sector banks in New Delhi to discuss issues related to leadership and governance, and drive growth and sustainability. In a statement, the RBI said the governor acknowledged the role played by the banks in supporting the economy and maintaining resilience along with improved financial performance in the face of several adverse shocks in recent times.

Governor Shaktikanta Das pushes for stronger governance at public sector banks

However companies approach becoming a greener organization, the question is whether they are staying true to their pledges, especially as economic conditions tighten

TechCrunch

Executives say they’re committed to ESG, but data shows otherwise

More than $30trln in capital has been committed to environmental, social and corporate governance-related investments

'ESG' in U.S. finance job titles comes with 20% pay premium

To strengthen corporate governance mechanism, capital markets regulator SEBI has proposed to amend the current rules governing alternative investment funds (AIFs).

The Hindu

SEBI proposes new framework for AIFs to strengthen corporate governance rules

Many corporations claim their products are “green-friendly.” But how do you know if what they’re selling is truly eco-safe? 


The Conversation

How corporations use greenwashing to convince you they are battling climate change

A new study by Dr. Lucie Kvasničková Stanislavská from Czech University of Life Sciences, Prague, has found that social media is an increasingly important tool for companies to communicate their corporate social responsibility (CSR) efforts.


Phys.org

The importance of social media in corporate social responsibility

Corporate governance relates to the policies and practices that dictate how a particular company is run, and it’s generally understood that a company’s board of directors is ultimately responsible for overseeing the implementation of these policies and practices. Given this ultimate oversight role, it follows that the only way that a shareholder activist can truly effect value-creating change is at the board level. 

How Independent Are The “Independent” Directors Of Public Companies?

Portraying a CEO as a father figure is one way to tell there’s a lack of judicious oversight. Backing the company’s board despite obvious shortcomings is another. Tesla shareholders did both on Tuesday, with one of them playing the part of boss Elon Musk’s “son,” a robot the electric-car maker is developing, and many others again ignoring qualms about director nominees raised by proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis. The corporate governance neglect is troubling.

Reuters

Tesla’s governance autopilot heads for disaster

The Securities and Exchange Board of India (SEBI) has proposed the granting of special board nomination rights to unitholders of REITs and InvITs, according to a consultation paper. SEBI has recommended a unitholders council for decision-making and proposed the introduction of a framework for self-sponsored REITs and InvITs. Currently, unitholders of such securities lack control over operations. In its consultation paper, the regulator noted that special or differential rights via board nomination are proposed to be granted to certain investors via the offer document.

Sebi proposes special rights to unitholders of REITs, InvITs to strengthen corporate governance norms

Hawkamah, the Institute for Governance, has announced that it has achieved a new milestone in corporate governance in the Middle East as companies in the region embrace good corporate governance to attract more investment The institute has now certified 190 Board Secretaries and 170 Certified Directors, demonstrating its commitment to improving regional corporate governance practices.  

Hawkamah celebrates a new milestone in corporate governance in the Middle East and North Africa

Ethical Governance | Corporate Governance

Tecnimont Private Limited (TCMPL), a subsidiary of MAIRE Group, announced its funding support for Women in Science, Engineering (WiSE), a transformative initiative led by Prof. Rajesh Zele of the Indian Institute of Technology Bombay (IIT Bombay).

India CSR

CSR: Tecnimont Boosts STEM Education for Girls in Partnership with IIT Bombay

As the calendar turns to June, Pride Month 2023 begins, a time of celebration, reflection, and advocacy for the LGBTQ+ community. This year, the corporate world finds itself at a crossroads, with companies like Nordea and Target, among many others, navigating the complex terrain of LGBTQ+ rights and corporate social responsibility.

Pride And Prejudice: The Corporate Struggle For LGBTQ+ Rights

Corporate social responsibility (CSR) and environmental, social and governance (ESG) goals have become increasingly important, with more employees choosing to work for companies they believe in.

Silicon Republic

How CSR initiatives can make employers more attractive

With the quickly changing corporate environment, many organisations have set up separate CSR wings as a planned tool for sustainable growth

The CSR Journal

The Influence of Corporate Social Responsibility (CSR) on the Emotional Well-being of Young People

     
It’s a consumer’s world, brands are just selling in it. With endless options, companies no longer hold the power they used to over their customers. Now, loyalty must be earned, more importantly,  maintained. Breaking customer trust can destroy decades of company growth in a matter of hours — making corporate social responsibility (CSR) a requirement.

Tech Bullion

 Corporate Social Responsibility: Best Practices to Survive and Thrive in Today’s Dynamic Environment

Despite disagreements between politicians, finance leaders, and corporate boards over adopting an environmental, social, and governance framework in investing, termed ESG, Americans don’t care, a new poll shows. 

USA Today

U.S: 'Woke' or not, many Americans ignore ESG in investing, despite political tug-of-war

A regulator like the Ministry of Corporate Affairs (MCA) can strengthen the CSR framework to ensure that companies are actively contributing to the SDGs

Deccan Herald

Ways to make the future sustainable

Producing food means companies take responsibility for food safety and other “public goods” from their supply chain to the consumer

Food Safety News

Corporate Social Response-Ability: Safety commitments in the food and beverage ecosystem

CSR initiatives have become an indispensable aspect of business success in today’s environment

Rebellion Research

The Benefits For Businesses Going Beyond Profits

ESG is an acronym for Environmental, Social, and Governance. ESG is a robust framework that offers stakeholders insights into how an organization navigates challenges and prospects associated with environmental, social, and governance parameters – often referred to as ESG elements.

What is the Full Form of ESG?

The Reserve Bank of India’s recent proposals to spur climate action by amending CSR laws may be well-intentioned, but could lead to lack of clarity between CSR spends and ESG investments at the execution stage, impacting key sectors.

CSR vs. ESG: Will RBI’s green push lead to a trade-off with health and education?

Japan-based academic Kim Schumacher, who coined the term "competence greenwashing", believes that the pursuit of societal harmony might be standing in the way of Asia calling out greenwashing

Eco-Business

Is Asia slower to tackle greenwashing because it is conflict avoidant?

As an underdeveloped country, Myanmar has long been vulnerable to corporate crimes. Since the country’s transition to democracy in 2010, it has faced pressure to implement effective reforms and regulations for companies, particularly in relation to foreign investments. One crucial aspect of these reforms has been the protection of human rights (HR) violated by corporations. 

Jurist

How EU Corporate Sustainability Policy Could Hold the Key to Thwarting Rights Violations in Myanmar

The three pillars of ESG – environmental, social, and governance – are interconnected aspects of a company's operations and performance and play a vital role in determining a company's overall sustainability. 

National Law Review

Optimizing The 'E' In ESG: Environmental Practices Companies Can Implement To Improve ESG Performance

Recently, investment feasibility rating agencies such as S&P have started to incorporate compliance with environmental, social, and governance (ESG) standards into investment feasibility components





The Jakarta Post

ESG-based green financing for sustainable development

Anxious about market instability and a loss of confidence, it’s reasonable to want ESG ratings to be regulated like credit. But we’re not ready to do so.

Capital Monitor

Why we must tolerate ESG rating divergence for now

We collected clauses from 20 VCs…and counting

sifted

Here’s what ESG term sheet clauses actually look like

To “do well by doing good,” you need a good strategy.



Harvard Business Review

Setting a Corporate Strategy for Social Good

Transitions are the new normal. With the sustainable transition, circular transition, digital transition and even the transition to post-pandemic recovery all underway, there’s no denying that the world is in a period of flux.



Skills And Inclusion For A Just And Sustainable Future

Bangladesh Bank has a critical role to ensure corporate good governance in the country's financial sector 

Financial Express

Bangladesh: Promoting corporate good governance in the financial sector

Ethical Governance | Corporate Social Responsibility

While addressing a group study session on May 31, 2021, President Xi Jinping stressed the importance of improving China's international communication to present a true, multi-dimensional and panoramic picture of China.

China Daily

Enhancing China's image through effective communication

Many Nigerians are calling on President Bola Tinubu to follow up on his announcement that petrol subsidy is gone with measures to cut the outrageous costs of running the government so that it is seen as sharing in the pain.

Business Day

As subsidy goes, Nigerians demand cut in governance costs

Effective use of data as a policy tool, transparency in administration and collaboration among state agencies can transform governance and improve the lives of people tremendously, India’s G20 Sherpa Amitabh Kant said at the Mint India Public Policy Summit in the capital on Friday.

Mint

Use of data, transparency can transform governance: Kant

Many technology leaders agree that while AI could be hugely beneficial to humans, it could also be misused or, through negligence, terminally damage humanity. But looking to governments to address this problem without guidance would be foolish given that politicians often don’t even understand the technology they’ve used for years, let alone something that just made it to market.

TechNews World

The Importance of Microsoft’s 5-Point Blueprint for Public Governance of AI

Global insurers are abandoning the United Nations’ Net-Zero Insurance Alliance over ESG backlash and antitrust concerns. Of the eight original signers, five have left the alliance with more leaving daily

Insurers Leave U.N. Climate Alliance Over ESG Pushback And Antitrust Claims

Microsoft has sought the formation of a new US agency to govern AI while expressing its concerns over the safety and security aspects of the latest technology and laid out a blueprint for public governance of AI.

Computer World

Microsoft seeks US agency for AI governance, lays out strategy


	Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
	https://www.ft.com/content/426d55bb-c075-4b5d-8440-850a919d9e9e

	The Ada Lovelace Institute is concerned that Chris Philp, the policing minister, is considering (Report, May 16) expanding police use of facial recognition, including integration into body-worn cameras. The use of biometric data, such as our faces, fingerprints and voices, raises significant legal, ethical and societal risks. This uniquely personal data can be used not only to identify, but also to categorise and classify, inferring characteristics such as gender and race.



Danger of growing use of biometric data is staring us in the face

Senator Christopher Lawrence "Bong" Go on Monday said there is an urgent need to address bureaucratic inefficiency and enhance government services through the use of technology. "People are spending so much money, time and energy just to get a simple document, submit an application for a permit or simply access public information," the senator said during a public hearing conducted by the Senate Committee on Science and Technology on the e-Governance Bill.

The Manila Times

E-governance seen to boost public service

Australia’s complex web of secrecy laws are undermining democracy and silencing whistleblowers, journalists and human rights defenders, the Human Rights Law Centre, Transparency International Australia and Griffith University's Centre for Governance and Public Policy said today.

Human Rights Law Centre

Secrecy laws undermining Australian democracy, reform needed

The United States Secretary of State, Antony J Blinken, has promised Nigerian “President-elect” Bola Ahmed Tinubu that the President Joe Biden’s administration is committed to strengthening diplomatic relations with Nigeria. This was contained in a statement Blinken released to the public, announcing that he was in a telephone conversation with the Nigerian “President-elect” to discuss how to strengthen inclusive governance in the most populous African nation.

Sahara Reporters

US Secretary Of State, Blinken Calls Nigerian ‘President-Elect’ Tinubu On Phone, Discusses Security, Economic Reforms

New York Gov. Kathy Hochul announced Monday two grants totaling $55 million for improvement and maintenance of the state’s emergency communications systems and call centers.

State Scoop

New York unveils $55M in grants for public safety, emergency comms

Researchers have highlighted the need to develop a regulatory approach to unfair trading practices (UTPs) in textile at the European level, for instance with a European Union (EU) Directive. Public policy support was recommended to help level the playing field for small medium enterprises (SMEs) and social enterprises, as per a report.

Fibre2Fashion

Public policy support needed to level playing field for European SMEs

The unity government administration of Malaysia that stresses on good governance has had a positive impact on the country by being able to attract foreign investors and boosting national revenue, says Prime Minister Datuk Seri Anwar Ibrahim.

The Star

Good governance attracts foreign investors, boosts revenue, says Anwar

No sign of restrictions being lifted despite information blackout and losses suffered by daily-wage earners, businesses

Al Jazeera

‘Ruined my livelihood’: Pakistan internet shutdown hits millions

Banking is still a man’s world. Out of the 361 CEO appointments made between 2020 and 2022 at the significant institutions (SIs) directly supervised by the ECB, as well as at their subsidiaries, more than 300 were men, as the ECB has observed

European Central Bank

Diversity at the top makes banks better

President of Kenya William Ruto has urged the Western world to stop finger-pointing and work together to confront climate change. 



Work together on climate change or perish together, Ruto urges states

After 50 years of environmental activism, Charles III is having to take on political neutrality as King



Euronews

King Charles III coronation: What Britain’s new monarch means for the environment

South Africa is experiencing a myriad crises, ranging from the state's inability to provide energy consistently to municipalities’ inconsistent provision of basic services

News24

Good governance as a solution to SA's water crisis

King Charles III wants to protect the planet for future generations - a passion he highlighted during the six decades he spent as monarch-in-waiting




ABC News

This is why Charles III will be known as the 1st climate king

The European Commission recently unveiled eighty-seven projects—including everything from rapid bus transit systems to solar plants and data centers—as part of its Global Gateway initiative to support infrastructure, health, education, and climate-change adaptation in regions across the world. At the same time, the African continent faces a wide infrastructure investment gap, estimated at more than one hundred billion dollars annually, according to the African Development Bank.

Atlantic Council

The EU global investment initiative that could close Africa’s infrastructure gap

Ethical Governance | Public Governance

Digital governance is a trend, not a choice, to solve common problems in city development such as aging population, and to improve production efficiency and benefit people in the changing era, experts said at a recent forum.



You can’t miss it!

Ethical Governance

Latest on Ethical Governance