Does Enterprise India care for whisteblowers ?

India has thought about it but implementation ? who cares… Following are some key highlights of changes in clause 49 and its differences from requirements of Companies Act 2013. Overall framework for Corporate Governance Revised clause 49 lays down overall framework or objectives of requirements of clause 49 and companies are expected to interpret and apply those provisions in alignment with the principles. Key components of those framework are  Rights…

What America says about whistleblower ?

What America says about whistleblower ? The Dodd-Frank Wall Street Reform and Consumer Protection Act of the United States came up with a whistleblower program to be overseen by the U.S. Securities and Exchange Commission (SEC) in 2010 post Enron and many other shocks the american corporate world went through. The relevant norms, inter alia, make it a violation of law to take any action to impede an individual from communicating directly with the SEC about a…

“Hide those whining under carpet” will not work anymore

Started the day with this news about a great multi billion $ data center and hosting company Equinix. Equinix CEO Resigns Following Mishandling of “Employee Matter” Redwood City, Calif. – Equinix, a Redwood City-based owner and operator of data centers in 48 markets, said that Steve Smith has resigned as its CEO after “exercising poor judgment with respect to an employee matter.” The company did not elaborate on the specific incident. Executive Chairman Peter…