Good corporate governance underpins and supports the success of the economy. The UK Corporate Governance Code 2024 (the ‘Code’) provides companies with a flexible framework that promotes trust, transparency, and accountability so that investors have confidence in the long-term integrity and competitiveness of some of the UK’s largest and most complex businesses. 

India’s central bank, The Reserve Bank of India (RBI), plays a very important role in regulating and ensuring transparency in the retail credit market. Amongst other things, the RBI’s objectives are to maintain stability of the financial system, which includes monitoring the growth of retail and Micro, Small & Medium Enterprises (MSME) loans.

Certain entities grant special awards in the form of profits interests, for example profits interest which may entitle the interest holder to a portion of any distributions made, once senior interest holders obtain a specified return. Sometimes it can be difficult to determine whether profits interest should be accounted for as Share based payment under ASC 718- Compensation—Stock Compensation or as a performance bonus/ profit-sharing arrangement under ASC 710- Compensation—General, or other Topics.