To give you some background on this post, last week I had disagreement with a celebrated financial expert about the ethics of preparing financial statements. It started with me saying this – “if the management does not want you to know something about the accounts, you will not know it. Period.” There is a thin…
corporate governance
Corporate Social Responsibility (CSR) Norms – Taking PSU inefficiency to the next level
In February of this year (2014), the Government notified the Corporate Social Responsibility (CSR) norms making it mandatory for companies to take a 2% cut in their net profits and use that money for the betterment of the society. I have maintained this from the very beginning that not only will this create more wastefulness,…
SEBI Registered Investment Advisor INA100004608