In today’s briefing:
- Tighter ESG-Wash Monitoring Will Follow the New Securities Report Disclosure Rule in in 2 Years?
- Dredging Corp Of India: Lapse of Governance Controls
Tighter ESG-Wash Monitoring Will Follow the New Securities Report Disclosure Rule in in 2 Years?
- Only a while ago, there was debate in ESG Investing about “how effective ESG factors are in performance,” and rather skeptical viewpoint prevailed among investors. Where have these debates gone?
- Since there is serious shortage of human resources of ESG analysts, the FSA is expected to take a certain amount of time to monitor the systems of investment management companies.
- FSA will strengthen its monitoring ESG wash to ensure that there are no misstatements in the reports as listed companies will be required to include sustainability in their securities reports.
Dredging Corp Of India: Lapse of Governance Controls
- Dredging Corp Of India (DCIL IN) has been seeing a heavy churn in top personnel lately, including the most critical sacking of MD and CEO, Mr. G.Y.V Victor.
- It was reported that there has been suppression of facts, material misrepresentation of facts and false claims in support of his experience criteria submitted by GYV Victor.
- This is a key governance red flag and the fact that the investigation was made after one year of his appointment indicates loopholes in the governance and recruitment controls.
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