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Tweet Buster: Experts question directors’ role on firms’ boards

NEW DELHI: The domestic stock market moved one step forward and two steps back this week. Global trade war remained a concern and so did the crisis in the NBFC sector. Ratings downgrades and auditor resignations became the new normal this week and it surely kept investors on the edge.

This development did not escape most marquee investors and some of them even took to Twitter to air their concerns.

Sanjay Bakshi, professor at MDI, issued a warning to investors, cautioning them that they are on their own.

Dear investor: You are surrounded by liars. Rating companies, Auditors, Corporate managers (through their PR machin… https://t.co/ByR49EVgSg

— Sanjay Bakshi (@Sanjay__Bakshi) 1560540518000

Shyam Sekhar, co-founder iThought, says that most marquee investors on D-Street are doing the jobs of independent directors, nudging managements to act more investor friendly, raise dividends, do buybacks & disclose more.

Many marquee investors pride themselves for being able to nudge managements to act more investor friendly, raise di… https://t.co/JidjsK30S6

— Shyam Sekhar (@shyamsek) 1560476028000

Sekhar in another tweet goes on to ask if any independent directors have ever stood up for the rights of the minority shareholders?

If you have approached an independent director with a #CorporateGovernance issue, have there ever been cases where… https://t.co/t5OTmVI0kK

— Shyam Sekhar (@shyamsek) 1560327569000

Along similar lines, Sekhar says that although promoters can be under the illusion that a crisis won’t hit them, investors cannot take such a risk.

The worst kept secret in #market on what’s drowning cos. Promoters think crisis won’t hit them. Or worse still, thi… https://t.co/mryp0W6CUY

— Shyam Sekhar (@shyamsek) 1560475021000

Nilesh Shah, MD, Kotak Mahindra Mutual Fund shares six layers that have to work in tandem to ensure that corporate governance excels.

For Corporate Governance to excel, these six layers have to work in tandem to maintain checks & balance -Executive… https://t.co/hNS4sBGQgM

— Nilesh Shah (@NileshShah68) 1560403903000

Offbeat!
Sanjay Bakshi in a twitter thread made a suggestion to Sebi where the credit rating agencies as per the new rules are required to rack divisions in bond spreads. But Bakshi has a proposition to make this idea better. Here’s how.

I read this extract in the recent circular (https://t.co/VPeGiHiPH9)by @SEBI_India on “Guidelines for Enhanced Disc… https://t.co/JUApTeirzt

— Sanjay Bakshi (@Sanjay__Bakshi) 1560646735000

Idea(s) Corner!
Safir Anand, value investor, makes a case for scrapping LTCG.

I hope those who talk in favour of #LTCG in govt circles know the extent of tax loss as hardly any full time invest… https://t.co/JtWBOuld8S

— Safir (@safiranand) 1560349480000

Sandip Sabharwal appears to be in tandem too

The Govt needs to take bold steps now without thinking of what Armchair Economists think Cut Individual Tax rates t… https://t.co/casuMckhxe

— sandip sabharwal (@sandipsabharwal) 1560484484000

Fear and greed, the age-old story

Stocks normally give enough time to enter or exit It’s greed and fear which prevents entry and exit at the right le… https://t.co/krIY6Q03Ac

— sandip sabharwal (@sandipsabharwal) 1560243699000

Scope for NBFCs

In the markets its all a patience game now Those investors who can ride out the daily negative news flow on one NBF… https://t.co/ong9XTp6hc

— sandip sabharwal (@sandipsabharwal) 1560229036000

How to stay financially healthy

A simple way to stay financially #healthy – spend within your means. Keep a track of your income & expenses to spot… https://t.co/oBTs9hviF2

— Arun Thukral (@arun_thukral) 1560320643000

Equity vs FDs

Remember, #investment in Titan at a price of ~Rs 74 in Jan 2010, multiplied by ~15 times over 9 years period, selli… https://t.co/9kFQB2k1XQ

— Arun Thukral (@arun_thukral) 1560581356000

Source: Economic Times