Rating companies form umbrella organisation in a first

Two domestic credit rating agencies are leading the way in forming a self-regulatory organisation for the sector. CARE Ratings and Acuite Ratings & Research have set up a unit to evolve a common code of conduct and practices to prevent a recurrence of defaults such as those by IL&FS and DHFL. This is the first … Read more

Quality of board packs: An alert for independent directors

Independent directors are often under the erroneous belief that their liability under the law is limited to acts of commission and omission which occurred with their consent or connivance or their knowledge through board processes, and that it does not extend to key matter of governance not placed by the management before the board or … Read more