Discover and read the best of Twitter Threads about #CorporateGovernance
Most recents (23)
⚠️SEBI has imposed a penalty of INR 20L 💰 on Sangam India for delayed ⏰disclosures with respect to Promoter Share Transactions ⛳️❌
A Thread 🧵
#SangamIndia #SEBI #redflag #corporategovernance
A Thread 🧵
#SangamIndia #SEBI #redflag #corporategovernance
1. Promoter bought 4.55% stake but disclosed it after delay of 1926 days 
2. The inter-se promoter transaction of more than 5% in FY17 was also disclosed with delay of 1200 days
SEBI bars IIFL Securities from onboarding clients for 2 years due to the misappropriation of funds
A thread #sebi #investing #iifl #IIFLSecurities #redflag #corporategovernance
A thread #sebi #investing #iifl #IIFLSecurities #redflag #corporategovernance
During inspections, it came to light that out of the 45 client bank accounts examined, a staggering 26 were not titled as "client accounts." This despite a prior warning from BSE.
Violated provisions of the SEBI 1993 Circular
Violated provisions of the SEBI 1993 Circular
The inspection team discovered a troubling trend. Funds were regularly transferred from client bank accounts and clients' dividend accounts to IIFL's Pool/Control Accounts. These accounts, managed and controlled by IIFL, functioned as the company's own bank account.
📢 Attention Investors! 🚨
🔍 Dive into the latest bombshell from SEBI regarding Brightcom. This time, it's about the Promoter's alarming and unusual trading behaviour.
Let's dive into the details 🧵! 📈
#Brightcom #SEBI #redflag #corporategovernance
🔍 Dive into the latest bombshell from SEBI regarding Brightcom. This time, it's about the Promoter's alarming and unusual trading behaviour.
Let's dive into the details 🧵! 📈
#Brightcom #SEBI #redflag #corporategovernance
The background : Promoters are purportedly disregarding regulations pertaining to their trading activities⚠️🤯
1. Disclosure Lapses in trading by promoters: Law says you have to disclose if your traded value is more than 10L
There were instances where disclosures were not made. Promoter denied wrong-doing but was termed untenable by SEBI
There were instances where disclosures were not made. Promoter denied wrong-doing but was termed untenable by SEBI
Continuous delay in Merger Proceeding by Creditors
SEBI’s Shirpur Gold Refinery Order on Fund siphoning
Now,
SEBI asked resignation of Punit Goenka, MD CEO of Zee as well Mr. Chandra of Essel Group.
Let’s take a deep dive into this interim order and understand!
#Zeel
SEBI’s Shirpur Gold Refinery Order on Fund siphoning
Now,
SEBI asked resignation of Punit Goenka, MD CEO of Zee as well Mr. Chandra of Essel Group.
Let’s take a deep dive into this interim order and understand!
#Zeel
Background
Resignation of 2 Independent Director - Sunil Kumar and Neharika Vohra in Nov’19 on misappropriation of FD of Zee by Yes Bank for squaring off loan of other Essel grp entities
Resignation of 2 Independent Director - Sunil Kumar and Neharika Vohra in Nov’19 on misappropriation of FD of Zee by Yes Bank for squaring off loan of other Essel grp entities
Mr Subash Chandra, then chairman of Zeel/Essel grp provided LoC to yes bank on 200 Cr Loan o/s in Essel Green Mobility Limited. as per LoC, he accepted that Essel group companies incl Zee will have FD of 200 Cr that can be used in event of default
“Good corporate governance is about 'intellectual honesty, not just sticking to rules & regulations, capital flowed towards co that practice good governance'
Mega thread 🧵 of Corporate Governance issues, frauds exposed by us
Like Share Retweet Follow if you find valuable
Mega thread 🧵 of Corporate Governance issues, frauds exposed by us
Like Share Retweet Follow if you find valuable
Before moving ahead if you want to know who is behind Beat The Street and What exactly Beat The Street does?
Here is thread
All thanks to the team behind the stage @SudzzBTS @nimishshp
Here is thread
All thanks to the team behind the stage @SudzzBTS @nimishshp
If you want to read Beat The Street Corporate Governance Coverage in documentary format you can read here
docs.google.com/document/d/1dt…
docs.google.com/document/d/1dt…
Shareholding gaffe at Glenmark Life: Focus shifts to Sebi new rules
wap.business-standard.com/article-amp/ma…
Company promoters bought shares even when they held more than 75 per cent
Brilliant analysis by @This_khushboo @bsindia
A quick thread 🧵
#glenmark #corporategovernance #redflag
wap.business-standard.com/article-amp/ma…
Company promoters bought shares even when they held more than 75 per cent
Brilliant analysis by @This_khushboo @bsindia
A quick thread 🧵
#glenmark #corporategovernance #redflag
Glenmark Life Sciences, 100% subsidiary of Glenmark Pharma, launched IPO in July 2021
Post-IPO, stake of promoter group fell from 100% to 82.84%
Sebi rules provided three years to reduce promoter stake to 75%
Post-IPO, stake of promoter group fell from 100% to 82.84%
Sebi rules provided three years to reduce promoter stake to 75%
During this time further purchase of shares by promoters wasn’t permitted
Promoter Saldanha purchased 7,800 shares (0.01 per cent) from the market in November 2021
Proxy firm SES said purchase, even if inadvertent, violated SAST regulations
Promoter Saldanha purchased 7,800 shares (0.01 per cent) from the market in November 2021
Proxy firm SES said purchase, even if inadvertent, violated SAST regulations
⚠️The curious case of GMM Pfaudler⚠️
"Commitments made in Concalls were never Implemented & company continue to lie. "
How?
A thread 🧵
Like Retweet Share Follow if you find valuable
#GMmpfaudler #redflag #corporategovernance
"Commitments made in Concalls were never Implemented & company continue to lie. "
How?
A thread 🧵
Like Retweet Share Follow if you find valuable
#GMmpfaudler #redflag #corporategovernance
The backstory in Aug-2020, GMM entered into complex transaction involving GMM pfaudler, promoter, DBAG buying out their international parent whuch owns international business
Details of which are summarized below
Most importantly read highlighted in red that stake is locked
Details of which are summarized below
Most importantly read highlighted in red that stake is locked
Redflag 1
Lock in period?
Post complex transaction in Sept-20 concall Company said promoters (Patel 33% & DBAG 24% stake will be locked in for 3 yrs i.e. till Aug-23)
Same was reiterated in Q2FY23 concall also as asked by @saketreddy
Lock in period?
Post complex transaction in Sept-20 concall Company said promoters (Patel 33% & DBAG 24% stake will be locked in for 3 yrs i.e. till Aug-23)
Same was reiterated in Q2FY23 concall also as asked by @saketreddy
1/ @GlassLewis published an excellent analysis on Proposal 8, which I submitted for the $TPL shareholder meeting.
There are serious #corporategovernance and #ESG implications here. The thread below has what I consider to be the best of Glass Lewis report.
But first, a meme:
There are serious #corporategovernance and #ESG implications here. The thread below has what I consider to be the best of Glass Lewis report.
But first, a meme:
2/ From Glass Lewis: "it's worth remembering that, without the active, dissenting involvement of Horizon and SoftVest in the first place, which the legacy board heavily resisted, the Company likely would not have taken the actions it has to modernize its structure and overall
3/ governance over the past three years. The investor group's prior efforts led to the conversion of the Company from a trust to a C-Corp, the expansion of the board to a more appropriate number of directors who must stand for re-election before shareholders on a regular basis,
Weekend Read Investing Resources Vol 18
Stock from Sunrise Industry
Gland Pharma Lies, Disguise & Insider Sell
Microcap Investing Lessons
Valuation Lessons
Sensex to hit 1L, When?
Branded Spices Report
Crypto Explained
Like Retweet Share Follow if you find valuable
#investing
Stock from Sunrise Industry
Gland Pharma Lies, Disguise & Insider Sell
Microcap Investing Lessons
Valuation Lessons
Sensex to hit 1L, When?
Branded Spices Report
Crypto Explained
Like Retweet Share Follow if you find valuable
#investing
We have launched a dedicated channel for reports.
Now you can find daily news updates on this channel but at same time Research Reports on the different channel in a clutter free manner.
Join now and share with your friends as well.
t.me/btsreports
Now you can find daily news updates on this channel but at same time Research Reports on the different channel in a clutter free manner.
Join now and share with your friends as well.
t.me/btsreports
Betting on Future Growth & Expansion: Narayana Hrudayalaya
Hospital Sector Analysis & Narayana Hrudayalaya Business Analysis
Business Overview
Financial Performance
Expansion & Future Plans
Valuation
Peer Comparison
#Healthcare #Narayanahrudalaya
Hospital Sector Analysis & Narayana Hrudayalaya Business Analysis
Business Overview
Financial Performance
Expansion & Future Plans
Valuation
Peer Comparison
#Healthcare #Narayanahrudalaya
How Promoters acquire stocks for free at the cost of retail investors ?
A thread 🧵 on new way of making free money by promoters by issuing Right Shares at steep discount
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#rightissue #redlfag #corporategovernance
A thread 🧵 on new way of making free money by promoters by issuing Right Shares at steep discount
Like Retweet Share Follow if you find valuable
#rightissue #redlfag #corporategovernance
Right issue is generally a fundraising from existing investors by issuing right shares price lower than market price.
This is not like bonus / split where investors don't need to do anything. In right issue if you want to get benefit of acquiring shares at lower price you must need to apply and pay right issue amount.
My most unwavering professional commitment is to never let McKinsey touch anything I have the capacity to influence in Africa 😂
It breaks my heart how much damage & delayed progress McKinsey's work has caused for Africa's #Energy sector 💔
It breaks my heart how much damage & delayed progress McKinsey's work has caused for Africa's #Energy sector 💔
In South Africa, after overcharging Eskom for 'useless expertise' that left SA's power sector in a mess, they said "sorry"
theafricareport.com/193472/south-a…
theafricareport.com/193472/south-a…
In the Zuma years, McKinsey, Bain etc facilitated state capture and misuse of public funds affecting state institutions like South African Revenue Service (SARS), South African Airways (SAA), Transnet, Eskom, Denel etc
theafricareport.com/173833/south-a…
theafricareport.com/173833/south-a…
So it's Star Wars Day...
But what if they took their security seriously? Maybe it would have been short series of films if their #CorporateGovernance was batter?
A thread...
1/8
#StarWars
#MayTheForthBeWithYou
#WeTakeYourSecuritySeriously
But what if they took their security seriously? Maybe it would have been short series of films if their #CorporateGovernance was batter?
A thread...
1/8
#StarWars
#MayTheForthBeWithYou
#WeTakeYourSecuritySeriously
Elon Musk's Twitter bid and hostile takeovers: Corporate Law and Strategy
A thread....
A thread....
Elon Musk has launched a $43bn hostile takeover of #Twitter by offering $54.20 per share in cash.
This is hostile takeover strategy is known as a tender offer (an offer to purchase stock shares from a target Company's shareholders at a premium higher than the market price)
This is hostile takeover strategy is known as a tender offer (an offer to purchase stock shares from a target Company's shareholders at a premium higher than the market price)
A hostile takeover in mergers and acquisitions (M&A), is the acquisition of a target company by another company/person (the acquirer) by directly approaching the target company’s shareholders, either by making a tender offer or through a proxy vote without the Board's approval.
1/n Trying a thread on where I will be looking for the next #corporategovernance lapse in India after #ILFS #yesbank #NSE . What exactly to look for is as important as what not to look for
2/n Do not differentiate between promoter driven or professionally run organisation. Remember while #Ranbaxy was promoter driven #ILFS was professionally run
3/n do not get over cautious on real estate , infra - remember India’s major corporate governance lapses happened in ‘clean’ sectors such as IT, Financial services, pharma - the fallen angels came from holier than though segments
@ArmitageJim @premnsikka 1/ Leeds finance firm boss Liam Wainwright banned from being a director for adding >£12m in false entries to company records. businessleader.co.uk/lender-who-add… . “Under the hood”, the case becomes rather more interesting. The administrators proposals tell ...
2/ the all too familiar gruesome tale in the “Wild West” that is U.K. Financial Services. The debenture holders & company’s directors included rather fascinatingly the now deceased Lord (Prof.) Barrie Pettman & colleague Dr Richard Dobbins, amongst other things academics & ...
3/ prolific finance/accountancy writers/publishers en.wikipedia.org/wiki/Barrie_Pe…. The administrators proposals outline a quite astonishing “bitch fight” in the “mysterious world of corporate insolvency” between debenture holders mounted on their chosen Insolvency Practitioners.
The State assigns three non-negotiable rights to itself:
1. Monopoly over Violence
2. Monopoly over Stealing and Extortion
3. Monopoly over Propaganda
And it hates competition.
Everything else is rubbish - including what school Civics school books say
1. Monopoly over Violence
2. Monopoly over Stealing and Extortion
3. Monopoly over Propaganda
And it hates competition.
Everything else is rubbish - including what school Civics school books say
Big Tech, especially Google & Facebook, are now equal partners in this game on the psychological/behavioral shaping front. If only you knew how the lawlessness that these companies seek and operate in, has a natural elective affinity with the State's aims. A thread on this soon.
Till I get some quality time to build that thread, go through this one. It will open your eyes on how you have no free will, just an illusion of it. You are being conditioned and trained, used as object whose behavioral futures are being extracted and sold
Filip Gregor will be providing an overview at a session co-organised by @ShareAction @BHRRC @Global_Witness @InvestforRights & @purposeofcorp
Looking forward to the commentaries of @EU_Finance, @Lysgaard_Signe @ericsson @barbara_bijelic & @thomasoftayler
#ERIN2020
Looking forward to the commentaries of @EU_Finance, @Lysgaard_Signe @ericsson @barbara_bijelic & @thomasoftayler
#ERIN2020
For those that are not able to follow the event live, a recording will be made available in ERIN's platform erin2020.pathable.co
#ERIN2020 @ShareAction
#ERIN2020 @ShareAction
“One ring that binds them all” - @MWachenfeld @ThemisResearch refering to the #sustainablefinance, corporate #sustainability disclosure, and mandatory #due diligence. Where are the gaps & synergies?
#ERIN2020
#ERIN2020
A lot of Companies are on firing spree. Everyone need to be more vocal about it. This will create collective needs, that will lead to Process Improvements. Designing those processes and new Ecosystems will give jobs to many Coaches, Analysts, Consultants &
Software professionals. News, Information & Media need to take active participation to capture the personal scenarios. This is the actual meaning of a "Progressive Society". Exchange of thoughts develop needs. Growing needs require investment in newer product and
The revised #SecuritiesLaw will come into effect on March 1, 2020.mp.weixin.qq.com/s/-IVfrLyUNl0A…
The chairman of the CSRC (China Securities Regulatory Commission), Yi Huiman, said that 2020 is the key year for the rule of law construction in the capital market.
Among all the amendments, certain highlights have received extensive attention from the market.
Can anyone suggest talks on Delegating UX?
There is a field like Design Management. Although delegation is a step up. The Board of Director's delegate powers to the Executive team. Now that UX has been institutionalized and considered an established domain, service design influences all aspect of corporate governance and
market, UX leadership have matured to step in the shoes of Board Members, I am looking for talks connecting these aspects. #delegate #UX #corporategovernance #boardmember #leadership
@userfocus @jina Hi, I am trying to understand what is not a Design System. Sometimes we have to negate to reach to conclusion. So I am thinking of collecting snippets, processes and scenarios that somebody might have thought is a Design System but actually not. #NotDesignSystem
Skype interview for U.S. Company that is 14000 KM away.
Mandatory Walk-in for Indian Software Company with 4 hours of travel hassel on Weekends and discussion ends in 10 minutes if capability don't match.
Lack of Corporate Governance in Software Industry and then
Mandatory Walk-in for Indian Software Company with 4 hours of travel hassel on Weekends and discussion ends in 10 minutes if capability don't match.
Lack of Corporate Governance in Software Industry and then
these companies complain about License Raj.
Seems like Skype is a Tool not Solution and Tech-Savvy is a Claim not Practice in India.
Remember what's goes around comes around. We are part of the same ecosystem we are cultivating!
#recruitment #hiring #hr #manager #jobs
Seems like Skype is a Tool not Solution and Tech-Savvy is a Claim not Practice in India.
Remember what's goes around comes around. We are part of the same ecosystem we are cultivating!
#recruitment #hiring #hr #manager #jobs
#ff
7 September 2018 #BeatCancer
@Bradleysfight May Bradley Rest In Peace and his family and friends always be comforted by his memory. I hope the #HelenRollasonAward 2017 from BBC
Sport will have helped them.
7 September 2018 #BeatCancer
@Bradleysfight May Bradley Rest In Peace and his family and friends always be comforted by his memory. I hope the #HelenRollasonAward 2017 from BBC
Sport will have helped them.
#ff
7 September 2018 #BeatCancer
@harry_moseley @Jack_Marshall_ May they
Rest In Peace and may their families and friends always be comforted by their memory.
7 September 2018 #BeatCancer
@harry_moseley @Jack_Marshall_ May they
Rest In Peace and may their families and friends always be comforted by their memory.
#ff
7 September 2018 #BeatCancer
@Rachael_Hodges @steveevans51 @_StephensStory May Rachael
Bland, Steve Evans and Stephen Sutton Rest In Peace and their family and friends always be comforted.
7 September 2018 #BeatCancer
@Rachael_Hodges @steveevans51 @_StephensStory May Rachael
Bland, Steve Evans and Stephen Sutton Rest In Peace and their family and friends always be comforted.
