Waiver norms for independent directors eased
December 20, 2020
Move to enable those holding key positions get exemption
In a climbdown of sorts, the Corporate Affairs Ministry (MCA) has relaxed the criteria for taking the online self-proficiency test mandated for all independent directors looking to get into or retain their board positions in companies. Simply put, a large number of independent directors in Corporate India may not be required to appear for the test.
Since October 2019, one’s eligibility to be an independent director rested on two main criteria finding a place in the databank maintained by Indian Institute of Corporate Affairs and taking an online self-proficiency test. Finding a place in the databank is still a must for being recognised as an independent director.
Miami International Holdings Acquires 100% Ownership of The Bermuda Stock Exchange
PRINCETON, N.J. and HAMILTON, Bermuda, Dec. 18, 2020 /PRNewswire/ Miami International Holdings (MIH), the parent holding company of MIAX
, and the Bermuda Stock Exchange (BSX) today announced that MIH has acquired 100% ownership of the BSX. MIH previously announced the acquisition of a majority interest in the exchange in November 2019. The BSX will continue its operations as a wholly owned subsidiary of MIH.
This acquisition aligns directly with MIH s corporate strategy, allowing the company to expand its world-class technology, derivatives trading and regulatory expertise to address emerging markets, such as digital assets, and provide the BSX with additional support in the evolving global (re)insurance risk market.
Date
18/12/2020
Miami International Holdings (MIH), the parent holding company of MIAX®, and the Bermuda Stock Exchange (BSX) today announced that MIH has acquired 100% ownership of the BSX. MIH previously announced the acquisition of a majority interest in the exchange in November 2019. The BSX will continue its operations as a wholly owned subsidiary of MIH.
This acquisition aligns directly with MIH s corporate strategy, allowing the company to expand its world-class technology, derivatives trading and regulatory expertise to address emerging markets, such as digital assets, and provide the BSX with additional support in the evolving global (re)insurance risk market.
“We have long held that the Bermuda government s commitment to fintech regulation and the country’s established (re)insurance market make the BSX and Bermuda key components of MIH’s global ambitions,” said Thomas P. Gallagher, Chairman and CEO of MIH and BSX Chairman. “We are thrilled to comple
James Langton
Securities regulators have long targeted “pump-and-dump” schemes that aim to drive up stock prices with baseless hype. Now, regulators are going after so-called “short-and-distort” campaigns, in which short-sellers badmouth companies in an effort to drive down stock prices.
Certain Bay Street factions have long complained about the role of short-sellers in the Canadian market. More recently, there have been concerns about the threat of activist short-sellers traders who don’t just quietly bet against companies they see as overvalued, but broadcast their views to the rest of the market.
Critics complain that activist short-sellers can make baseless allegations against a company in order to drive down its stock price and lock in an easy profit. Defenders of the practice argue these gadflies can help expose corporate misconduct and serve as an important check on the overwhelmingly positive bias in mainstream analyst coverage.
December 9, 2020 Simon Robinson, Director – Product Management at Moody’s Analytics
THOUGHT LEADERSHIP Moody s Analytics
The progress of industrial revolutions rarely follows a neat, linear path. Instead, we typically see periodic spikes of innovation, prompted by some external factor, followed by the introduction of standardized manufacturing processes yielding greater productivity and efficiency, and leading to a step change in industry norms. While images of smoking chimneys may not immediately resonate with the concept of ESG investment, there are many parallels. We find ourselves on the cusp of a period of transformation in this area specifically in how ESG investment is managed and supported.