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Sebi to boost disclosure norms; do away with permanent board seats for individuals

Sebi to boost disclosure norms; do away with permanent board seats for individuals

by AIP Online Bureau | Mar 30, 2023 | Indian News, Intermediaries, Regulation, Risk Management, Technology

Sebi also said that listed entities will be required to fill up the vacancy of Directors, Compliance Officer, Chief Executive Officer and Chief Financial Officer within a period of three months from the date of such vacancy to ensure that such critical positions are...

Goldman Sachs pushes directors for more climate data

by AIP Online Bureau | Mar 28, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy

Since 2020 Goldman has engaged with 271 companies making insufficient emissions disclosures, Winner said. Less than 100 of them have made no improvement, making directors vulnerable A U.S. Securities and Exchange Commission rule unveiled Monday calls for more...

Shell directors may face lawsuit over climate transition plans

by AIP Online Bureau | Mar 17, 2022 | Climate, Environment, Renewable Energy, International News

The ClientEarth lawyers said they are seeking to hold the directors personally liable for what they consider to be a failure to adequately prepare for the global shift to a low-carbon economy, claiming an alleged breach of the directors’ duties under the UK Companies...

IRDA proposes pay cut for insurance CEOs in case company underperforms financially, mulls tenure limit at15 yrs and age limit at 70 yrs

by AIP Online Bureau | Jan 3, 2022 | Indian News, Life, Non-Life, Regulation

The variable remuneration should be reduced where there is deterioration in the financial performance of the insurer. The deterioration in the financial performance should generally lead to a contraction in the total amount of variable remuneration, which can even be...
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