Compliance with the formal corporate governance code will be incorporated in FY2001 annual reports. investors should not be dismayed by the lack of a corporate governance structure or conversely, lower their guard at elaborate corporate governance norms. Our report reveals that substance (eg, the importance of truly independent directors) is more important than form (compliance with the corporate governance code).
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In our experience companies adopt liberal accounting policies to cover up flagging fundamentals otherwise there is rarely a valid business reason.
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Pledge agreements show Adani Green could have breached loan covenants
To read the entire article (paywall) please click here
Hemindra Hazari, a banking analyst, adds that “after that story should have gone and told...
Indian Billionaire Adani Down Again, But Not Out
By Bhuvan BAGGA November 22, 2024
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Axis Capital Reports Shares of Illiquid Unlisted Firm as ‘Held for Trading’
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SEBI bars Axis Capital as banker for new debt issues
The regulatory action started after a report by a SEBI-registered analyst Hemindra Kishen Hazari highlighted concerns about Axis Capital’s high-risk transactions earlier this year.