Monthly Archives: December 2013

Directors Duty of Care

The corporate governance principles revolve around the directors’ duties and more importantly their fiduciary duty to act in the best interest of the company, avoid conflicts of interest and exercise a duty of care. The duty of care requires directors … Continue reading

Posted in Governance | Tagged , | Leave a comment

Corporate governance- What about the cost of non compliance?

Every large corporate failure in the US will keep on increasing regulatory requirements for corporate governance. They have names like Sarbanes Oxley, Dodd Frank, FATCA and so on. The result is that companies spend millions of dollars on advisor’s fees, … Continue reading

Posted in Governance | Tagged | Leave a comment

Corporate Governance- Indian reforms in 2013.

In August 2013, India replaced its 57 year old Companies Act with a new Act. The new Act whilst easing the efficacy of doing business has some serious provisions that are bound to give headaches to preparers of financial statements … Continue reading

Posted in Governance | Tagged | Leave a comment