Building Trust through Governance: The Backbone of Stressed Assets Reconstruction (Keynote address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - May 17, 2024 - at the conference on ‘Governance in ARCs – Towards Effective Resolutions’ held at Mumbai) https://www.taxtmi.com/news?id=27508 Regulatory emphasis mandates that ARCs maintain adequate resources and ongoing investment in issued security receipts, conduct transfers with transparent price discovery and valuation, and follow specified resolution modalities. Governance requirements focus on a diverse, independent Board with an independent Chair, majority independent director presence in meetings, Audit and Nomination & Remuneration Committees, robust risk management, transparent disclosures, conflict-of-interest safeguards, and adherence to a fair practice code in borrower dealings. en-us Fri, 31 May 2024 17:04:39 +0530 Fri, 31 May 2024 17:06:00 +0530 TaxTMI RSS Generator Building Trust through Governance: The Backbone of Stressed Assets Reconstruction (Keynote address delivered by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - May 17, 2024 - at the conference on ‘Governance in ARCs – Towards Effective Resolutions’ held at Mumbai) https://www.taxtmi.com/news?id=27508 Regulatory emphasis mandates that ARCs maintain adequate resources and ongoing investment in issued security receipts, conduct transfers with transparent price discovery and valuation, and follow specified resolution modalities. Governance requirements focus on a diverse, independent Board with an independent Chair, majority independent director presence in meetings, Audit and Nomination & Remuneration Committees, robust risk management, transparent disclosures, conflict-of-interest safeguards, and adherence to a fair practice code in borrower dealings. News - Fri, 31 May 2024 17:04:39 +0530 https://www.taxtmi.com/news?id=27508