Black Brix’s Post

I am glad to share the article on the crucial role of Independent Directors in navigating strategy, risk, and investor relations, which I recently wrote for Director Today magazine from the Institute of Directors (IOD), India. The link for the article is given in the comments section below. This article reiterates the points I presented in the talk I gave during the IOD National Convention on 'The Board' on April 27, 2024, at ITC Grand Chola, Chennai. Independent directors are on the board because of their expertise in the following areas: finance, marketing, technology, operations, and supply chain strategy, as well as their ability to read and interpret the company's financial report. Further, they are expected to have a few other proficiencies, like an overall understanding of the statutory requirements and the ability to bring perspectives overlooked by the promoters and executive directors. IDs should express the same during board meetings without fear or bias and demonstrate exceptional skills for gathering intelligence on business operations and nuances for being effective on the board. #independentdirector #ifmrgsb #director #BoardofDirectors #BoardMembers #CEOs #IOD #IndependentDirectors #DirectorToday #BoardRoom #corporategovernance #investormanagement #ID #growthstagecompanies #InternalHurdleRate #corporateturnaround #strategy #risk #investorrelations

"Maximum Governance, Minimum Government" About two weeks ago, I had a wonderful evening with Dr. Anand Ranganathan sir. The session was focused on the topic of Viksit Bharat (Developed India). While highlighting the achievements of the past decade with facts and an unbiased narrative, he also pointed out a few drawbacks hindering our progress towards Viksit Bharat. As a law student and an intern in the GRC domain, one drawback particularly forced me to ponder. Despite India ranking 63rd in the World Bank’s Doing Business Report (DBR) 2020, its rank improved significantly from 142nd in 2014 to 63rd in 2019. Yet, MSMEs still face extensive compliance requirements.(Please, watch the video) For me as an intern, from one perspective, this is a significant business opportunity for law firms in the GRC domain. But at what cost? This gives me pause and make me ponder upon. I would really appreciate comments and insights from my seniors, legal and compliance professionals and the experts from the domain. _________________________________________ Speaker - Dr. Anand Rangnathan Info courtesy - Mr. Gautam Chikermane Organizer - Team VIKSIT पुणे Moderator - Mr. Aditya Pittie Thank you team Viksit Pune and Mr. Aditya Pittie sir. #Governance #Law #Compliance #Risk #MSME #Business #ViksitBharat #ViksitPune #Investment #BusinessGrowth #Compliancemanagement #regulatorycompliance #development #sustainability #ESG

Skills Upgrade🎯🎯 "I'm thrilled to announce that I've successfully completed the Diploma in Forensic Audit from the Institute of Cost Accountants of India! This rigorous program has equipped me with the skills to uncover fraud, misconduct, and financial irregularities. I'm excited to apply my knowledge to help organizations maintain financial integrity and make a positive impact in the field of forensic audit. #ForensicAudit #ICMAI #NewSkills #CareerGoals"

Every Entrepreneur Should understand the laws of business And Should use of Technology to fill that compliances

The #DirectorDevelopmentProgram returns with its 25th Cohort in Mumbai.   Mark your calendar from September 13th to October 5th to enhance your expertise in Corporate Governance, Forensic Issues in Finance, and more.   Follow the Director Development Programme by ALTUS for the latest updates. #HuntPartners #Altus #Director #IndependentDirectors #Cohort #Mumbai #CorporateGovernance #ForensicIssues #Finance #Industry #DevelopmentProgram

Vacancy #legalinternship #legalintern #legalhiring #litigation #legalopportunity #legaljob #legal #law #job #opportunity #careeropportunities #legalassociate #advocate #joboppurtunities #legalvacancy #legalassociate #legalintern

Investor Relations (IR) is a strategic function that fosters effective communication between a company and its investors. It involves a wide range of activities, including: Disseminating Information: Sharing financial reports, press releases, and other relevant information to keep investors informed. Investor Education: Educating investors about the company's business model, growth strategy, and financial performance. Investor Relations Events: Organizing investor conferences, roadshows, and analyst meetings to build relationships with investors. Managing Investor Expectations: Setting realistic expectations and addressing investor concerns promptly. Crisis Management: Developing and executing effective crisis communication strategies to protect the company's reputation and investor confidence. In today's dynamic market, effective IR is crucial for several reasons from attracting Investors to building Investor Confidence to facilitating Capital Raising etc. BSEIndia NSE India #IPO #Listing #SMEIPO #Investor #InvestorRelations #CXO #CFO Lotus Feet Consulting LLP Nishkaera Financial Advisory and Wealth Management Private Limited XLRI Jamshedpur BNI Gurgaon, India #BNI #XLRI #ICAI The Institute of Chartered Accountants of India Institute of Cost Accountants of India The Institute of Company Secretaries of India #startup #business #valuation #value #analyst #conference #seminar #information TMA India

📢ROC CHENNAI IMPOSED A ₹6 LAKH PENALTY ON A COMPANY & ITS DIRECTOR FOR CONSTITUTING THE AUDIT COMMITTEE, THE NOMINATION & REMUNERATION COMMITTEE WITHOUT PROPER COMPOSITION, AS REQ UNDER SECTIONS 177 AND 178 OF THE COMPANIES ACT, 2013. 🤦Non-Compliance: In the Matter of M/s KCP Infra Limited. The board meeting dated 24th April 2021, the board appointed two individuals as ‘Additional directors in the Independent Category’ without their registration in the Independent Director Database. Being an unlisted public company with a turnover exceeding ₹100 crore, the company constituted the Audit Committee and the Nomination & Remuneration Committee “Without Proper Composition.” 👉 ROC imposed a penalty of ₹5 lakh on the company and ₹1 lakh on its Managing Director for violating Sections 177 and 178 of the Companies Act, 2013. 👉 The Order Copy is attached herewith for reference.

The recently amended SEBI Listing Regulations brought in several significant changes in relation to Secretarial Audit. Our FAQs covers questions pertaining to disqualification and prohibited services by Secretarial Auditor pursuant to SEBI Circular.

Maharashtra SSC 2024: Class 10th results out with pass percentage of 95.81 - Business Standard Maharashtra SSC 2024: Class 10th results out with pass percentage of 95.81  Business Standard