T N Ninan: Off-balance sheet

T N Ninan: Off-balance sheet: "The Enron scandal in the US was facilitated by off-balance sheet items — transactions and entities that were not disclosed to shareholders. The build-up to the US financial collapse of 2008 also saw banks taking large transactions and risks off the publicly reported books, and tucking them away in unreported corners where regulators and shareholders could not get a peep. Many similar scams have been possible only because companies created entities and accounts that were used to indulge in unreported transactions, and to create hidden assets and liabilities. The question is whether the same thing has been happening in India."

SEBI to disallow interested shareholders in voting on special resolution on related party transaction

To protect small and diversified shareholders in listed companies from abusive related party transactions, SEBI to recommend  Ministry of Corporate Affairs to  disallow interested shareholders from voting on the special resolution of the prescribed related party transaction.
This view was taken based on the learning from the investigation in the matter of Satyam Computer Services Limited.

It's time for Indian companies to act more ethically | Nishika Patel | Global development | guardian.co.uk

It's time for Indian companies to act more ethically | Nishika Patel | Global development | guardian.co.uk: "The global economic fallout and mounting concern with sustainable growth and climate change has spawned a new breed of ethical investors. They are urging companies to report on the environmental and social costs of their operations and improve corporate governance. 'One of the root causes of the global economic crisis was a lack of transparency, investor greed and poor corporate governance … How companies report, how they tell us about the risk in their company both financial and non-financial is the solution,' said Jane Diplock, chairwoman of the International Organisation of Securities Commissions, speaking at the Responsible Investment conference in Mumbai in January."