GECs
Kentaro Kimura joins Adfest 2014
MUMBAI: Japan’s most acclaimed advertising executives, Kentaro Kimura, will head up next year’s direct lotus & promo lotus category as its jury president.
Hakuhodo Kettle executive creative director and co-CEO Kimura joined the agency he founded in 2006 after joining Hakuhodo in 1992. “The more ways we have to communicate, the more important human nature becomes. What moves people? Why do people take action? It may be an activity for social good, moving content, or a platform for experiences. There are a lot of possibilities for activating people. It is these inventions to move people that make the Direct Lotus and Promo Lotus categories so exciting,” he said.
Kimura says the theme of Adfest 2014, ‘Co-Create the Future’, gives him a positive, hopeful feeling.
“In the next 10 years, we will face more change than we did in the last 10 years. Our industry will also change a great deal. We communication professionals will be able to do more than ever before. Today, a truly brilliant campaign can cross borders and influence millions of people. We cannot only adapt ourselves to a given future, but also create our own future,” said Kimura.
Adfest president Jimmy Lam said, “Many of the campaigns created by Hakuhodo Kettle Inc. have changed the way people think about advertising. Kimura is a visionary when it comes to using technology to forge new ways of communicating with consumers, making him the perfect choice to lead the Direct Lotus and Promo Lotus jury next year.”
Adfest 2014 will take place on 6-8 March at the Royal Cliff Hotels Group in Pattaya, Thailand.
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
