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Executive illness corporate disclosure: Vinay Agrawal's sudden demise spurs corporate disclosure debate


Vinay Agrawal s sudden demise spurs corporate disclosure debate
Globally, there have been several companies that have now laid down precedents to be followed in the absence of any legal stipulation.
Synopsis
The question is tricky as it is situated on the crossroads of the rights of the investors to know and the right of privacy of the individual.
ET Intelligence Group: The demise of Vinay Agrawal, the managing director of the recently listed Angel Broking, succumbing to stomach cancer raises the uncomfortable question of corporate disclosure. Should any life-threatening illness of a key managerial personnel be made known by the company to its investors? ....

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Annual Corporate Disclosure Statement Filings May Increase


Friday, March 12, 2021
Every publicly traded California corporation and every publicly traded foreign corporation that is registered with the California Secretary of State to transact intrastate business must file an annual Corporate Disclosure Statement.  Cal. Corp. Code § 1502.1 & 2117.1.   The Corporate Disclosure Statement includes disclosures with respect to compliance with California s quota requirements with respect to female directors and directors from underrepresented communities.  Cal. Corp. Code §§ 301.3, 301.4, 2115.5 & 2115.6.  However, not every publicly traded California or foreign corporation is subject to these requirements because the quota requirements are applicable only to publicly held corporations having their principal executive offices in California according to their Form 10-K filed with the Securities and Exchange Commission.  Not every publicly traded corporation is a publicly held corporation.   ....

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