 "Sebi")
The Securities and Exchange Board of India (Sebi) has accepted most of the recommendations proposed by the Kotak Committee on corporate governance. These are around structuring of boards, additional audits and enhanced disclosures and obligations. Here’s a look at how the new norms will affect India Inc boardrooms:
Proposal: Maximum number of directorships at listed firms reduced from 10 to 8 and further to 7
Deadline: From 10 to 8 by April 1, 2019, and to 7 by April 1, 2020
Current status: Only one individual holds 10 director positions; one holds nine and one holds eight
Proposal: Maximum number of directorships at listed firms reduced from 10 to 8 and further to 7
Deadline: From 10 to 8 by April 1, 2019, and to 7 by April 1, 2020
Current status: Only one individual holds 10 director positions; one holds nine and one holds eight
