Uday Kotak to head new Sebi corporate governance panel
The 21-member panel headed by Uday Kotak will advise Sebi on issues relating to corporate governance in Indian firms
- Gold prices fall Rs105 on global cues, weak demand
- Tata Communications, Arvind to move out from NSE’s Nifty Midcap 50 index
- EPFO notifies 8.55% interest rate on PF for 2017-18, lowest in 5 years
- Gold prices surge Rs350 on global cues, high demand
- As Singapore and India fight over futures, investor worries grow
Mumbai: The Securities and Exchange Board of India (Sebi) on Friday said it has set up a committee under the chairmanship of Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank Ltd, to advise it on issues relating to corporate governance in Indian firms.
The 21-member panel includes representatives from other companies, stock exchanges, professional bodies, investor groups, law firms, academicians, research professionals and Sebi officials.
Sebi said the committee will advise the markets regulator on areas such as ensuring the active participation of independent directors in the functioning of companies; improving safeguards and disclosures pertaining to related-party transactions; issues in accounting and auditing practices by listed firms; improving effectiveness of board evaluation practices; addressing issues faced by investors on voting and participation in general meetings; and disclosure- and transparency-related issues.
Sebi has asked the committee to try and submit its recommendation report within four months.
Editor's Picks »
- Strengthen markets to aid farmers
- Paytm says never shared users’ data with third-parties, government
- Moon, Kim discuss scrapped US summit as Donald Trump signals optimism
- Taking stock of Narendra Modi government after four years
- All 7 ITR forms for assessment year 2018-19 activated for e-filing: Income Tax Department
- Motherson Sumi continues to face margin pressure in foreign markets
- What the Warren Buffett indicator tells us about market valuations today
- Jet Airways lands with a thud in Q4 as fuel costs increase
- IBC amendments: Some dilutions, and a lot more speed
- Patanjali’s gambit is paying off in toothpaste wars