An important step towards Good Governance is to have well appointed Board Committees. While various regulations have extensive references and guidelines, here is a quick snapshot of the must-haves. Note that a well governed Board functions efficiently with well appointed Committees. Key Board Committees are: Nomination Committee Audit Committee Remuneration (Compensation) Committee Nomination Committee i. Companies may have a Nomination Committee comprising of majority of Independent Directors, including its Chairman. This Committee should consider: Proposals  for  searching,  evaluating, ... Read More →

Plug those leakages to achieve cost efficiency and savings. Cost Savings is very important for enhancing Profitability and could be achieved by plugging various leakages in your cost structure while delivering significant results to your bottom-line, without having to implement any cost reduction measures. Ask yourself below questions to know if you are monitoring your costs well: 1.   Rentals: Did you measure the office you took on rent? Did you know that: You could have negotiated good rate per sq. feet, but what if the landlord is charging you for more area than what the actual office space... Read More →

There are other kinds of restructuring which are self explanatory: Changes in top management This means the changes in the top and the operating management in the company. This begins with the change in the CEO and Managing Director level changes to bring in the change driver commensurate with the need of the hour. The “person of the moment” is seen as a key driver of policy changes and mover and shaker by the promoter management and by the market. The team to work under the top person is many times left to his or her discretion. By and large the person brings along a tested team which perhaps... Read More →

Here is an interesting restructuring process. Equity restructuring in its broadest sense may mean any transaction between the Company and its shareholders, such as issue of rights and bonus shares, issue of preference shares, IPOs, PE/VC funds, dividend on shares, stock split, spin-off, that affects any class of share holder or the share price. The issue of rights and bonus shares involves change in the capital structure either for cash or through capitalization of reserves in case of rights and bonus shares respectively. The right to equity dividend may get altered with the preference capital... Read More →

Simple as it may sound, the challenge is in implementing or executing the plan. The restructure may involve optimization of production, improvement in processes with uncompromised quality and productivity measures, cutting frills in the cost, improved turnaround time through better time and motion methodologies (even requiring relocation of production facilities in a factory or different locations), rationalization of workforce etc. Apart from the improvement in productivity taking on competition, price re-adjustment, customer retention and improvement in market share etc. also forms an integral... Read More →

A debt restructuring is preferable to the option of applying for bankruptcy and involves either reduction of debt and/ an extension of payment terms, reduction in interest costs and or interest holiday or moratorium. For instance in the US small business bankruptcy filing cost at least $50 to 60,000 in legal and court fees. In India like in other countries, the corporate debt restructuring undertaken by the banks have resulted in not only reviving companies but also aiding in warding off potential NPAs for the banks. Corporate Debt Restructuring (CDR) is more than a mere fad for Indian Corporates.... Read More →

Restructuring is typically a “Management” term for the act of reorganizing the proprietary, operational, or other structures of a Company for the purpose of making it better organized and ultimately Improving the top and bottom lines. Corporate restructuring is the process of rebuilding or reorganizing a portion of the company. This process may be implemented owing to a number of reasons, such as marketing position vis-à-vis competition, meet and sustain in an adverse economic climate, or change gears into an entirely new direction. Most businesses go through a phase of restructuring at some... Read More →

We are happy to present Sundaram S CFO at Times Television Network, as a participant on SuperChat with SuperCFO this time around. Times Television Network, is a part of India’s largest Media conglomerate, the Times Group, which informs and entertains an audience of over 100mn urban, affluent Indians worldwide every month with its high quality, premium television channels. Sundaram has a prolific experience of 25 years in his professional career in orgazations like Inox Leisure Ltd, PepsiCo India Holdings Limited, Bausch & Lomb India Limited, A.F. Ferguson & Co, and Bharat Heavy Electricals... Read More →

This week on SuperChat with SuperCFO, we are delighted to present a tete – a – tete with Vikas Chadha, who is the Chief Financial Officer at Berggruen Hotels Pvt. Ltd. specifically Keys Hotels, a brand of Berggruen Hotels Pvt. Ltd, a New York based hospitality chain. Vikas is a Chartered Accountant, having completed his Bachelor of Commerce from Mumbai University, India. Vikas has a prolific professional experience of over 15 years in organizations of repute like Mahindra & Mahindra, Tata Tea Limited, Thomas Cook. In this freewheeling chat, Vikas delves on his 3 favorite companies,... Read More →

This week on SuperChat with SuperCFO, we are proud to present Rajesh Surana, CFO at Holcim (Lanka) Ltd, which is a part of the global Holcim group. Being the market leader in the cement industry, the company focuses on Economic, Social, and Environmental performance along the triple bottom line of sustainable development. Rajesh heads the Finance and Accounts function for them out of their Sri Lanka office. Rajesh has over 14 years of work experience with Multinational Companies (all are world leaders in their respective fields). In this freewheeling chat, Rajesh talks about the lighter facets... Read More →