THE WHAT? Unilever India has announced it is to separate the roles of Chairman and Chief Executive Officer (CEO), effective 31 March, in a bid to boost governance standards, according to a report by Bloomberg.
THE DETAILS Following the split, Nitin Paranjpe, currently Chief Operating Officer of Unilever, will be taking over as Non-Executive Chairman of the Indian unit, with Sanjiv Mehta continuing as Chief Executive and Managing Director.
The Securities and Exchange Board of India made the splitting of the two roles voluntary earlier this month, following the top 500 local companies failing to achieve the right compliance.
Unilever is amongst the few that have taken the step, with many larger Indian corporations citing difficulties in actioning the measure.
THE WHY? SEBI first announced rules regarding the separation of Chairman, CEO and Managing Director roles in 2018.
This deadline was then extended from April 2020 to April 2022, however, as of December 2021 only 54 percent of firms had complied, according to the regulator.
Aesthetic injectable companies refer to businesses or companies that specialize in manufacturing, distributing, or providing aesthetic injectable products and services. These companies focus on developing and supplying injectable substances used for cosmetic purposes, typically administered by qualified medical professionals. Aesthetic injectable companies play a crucial role in the field of aesthetic medicine and cosmetic dermatology by offering a variety of injectable products designed to enhance facial features, reduce wrinkles, and improve overall skin appearance.
Key aspects of aesthetic injectable companies include:
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Product Development: These companies research, develop, and manufacture aesthetic injectables such as dermal fillers, botulinum toxins (e.g., Botox), collagen stimulators, and other specialized formulations. They often innovate new products to meet evolving market demands and technological advancements.
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Distribution and Sales: Aesthetic injectable companies distribute their products through authorized channels, including healthcare providers, medical spas, and aesthetic clinics. They may also sell directly to licensed professionals who administer these treatments.
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Regulatory Compliance: Due to the medical nature of their products, aesthetic injectable companies adhere to strict regulatory guidelines and obtain necessary approvals from health authorities (e.g., FDA in the United States) to ensure safety, efficacy, and quality standards.
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Training and Support: Many companies provide training and educational support to healthcare professionals on the proper use, administration techniques, and safety protocols associated with their injectable products. This ensures that practitioners can deliver treatments effectively and safely.
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Customer Support: Aesthetic injectable companies offer customer support services to healthcare providers and consumers, addressing inquiries, providing product information, and assisting with product usage and troubleshooting.
