Mumbai: An investor advisory has blasted the corporate governance practices at State Bank of India, saying the nation's largest lender is weighed down by its own laws which mostly overrule all other regulations, making a mockery of the rights of public shareholders. The immediate reaction from Institutional Investor Advisory Services (IiAS) is the invite that SBI has sent out to shareholders for an EGM on June 17 amidst COVID pandemic, as the State Bank of India Act of 1955, which created it, does not envisage or allow it to hold the extra-ordinary general meeting digitally/electronically or even an e-voting. "SBI's ability to become a beacon of good corporate governance is being scuttled by the half-century old State Bank Act, 1955. It is compelled to hold a physical EGM on June 16 at a time when the COVID-19 pandemic is raging," IiAS says in a note, calling up on the board to advise government to amend the SBI Act. Stating that SBI shareholders have lesser rights compared to … [Read more...] about Corporate governance: SBI weighed down by its own laws, says IiAS
Public sector companies corporate governance rules 2017
“On the other hand, it is quintessential to examine the qualitative traits of the stock as well whilst pressing a buy decision button on a stock such as the business fundamentals of the company, sustainability, management of the company, Corporate Governance, dividend policy, market volatility, key personnel of the company and technical charts of a particular company,” he said. … [Read more...] about Promoters of these 8 companies reduced share pledge in Q4; what should investors do?
Sources assumed that the 48-year-old Number 10 staffer made a long 220-mile trip to the North East so his parents could take care of his little son if he and his wife, who were both displaying symptoms, were unable to look after him - something the couple reportedly believed was not prohibited under the fresh rules. By that time, Downing Street had confirmed that Cummings was self-isolating at his home after showing virus symptoms. … [Read more...] about ‘Hypocrite Aide’ Row: What We Know About Dominic Cummings’ Alleged Breach of Lockdown Rules
"We did have to cut back to essential first-tier services," Robinson said. "For the most part, for Public Works, that means everything operates. It just may not operate on the same schedule or at the same level. We did cut some refuse services so that we could spread crews out further, keep them social distanced, so that we didn't have an absentee problem, which has worked for us. People have been sick, but not much more than you would normally expect." … [Read more...] about Free Lunch Recognizes Efforts Of Herndon’s Public Workers
One of China's biggest tech companies has criticized the Trump administration for "politicizing business" after it slapped export sanctions on 33 more Chinese enterprises and government entities. The new measures announced Friday expanded a U.S. campaign against Chinese companies Washington says might be security threats or involved in human rights abuses. Beijing criticized curbs imposed earlier on tech giant Huawei and other Chinese companies but has yet to say whether it will retaliate. The most prominent name on the latest blacklist is Qihoo 360, a major supplier of anti-virus software and a web browser. The decision to add the companies to the Commerce Department's Entity List limits their access to U.S. components and technology by requiring government permission for exports. Qihoo 360 "firmly opposes this irresponsible action and the U.S. Commerce Department's practice of politicizing business and scientific and technological research and development," the company said on … [Read more...] about Chinese tech company criticises US for ‘politicizing business’