India Inc gets a governance push from Kotak panel

Sebi has invited public comments on the report till November 4. Based on the market feedback, it will take a final call on framing a new governance code

The Securities and Exchange Board of India’s (Sebi’s) high-profile committee on corporate governance on Thursday recommended several measures to enhance corporate governance standards at India Inc. 

The 25-member panel, headed by Uday Kotak, vice-chairman and managing director, Kotak Mahindra Bank, recommended that there should be at least six directors on the board of a listed company, the appointment of at least one woman independent director, a higher frequency of board meetings, and the separation of the roles of chairman and managing director. The committee also suggested a formal framework for sharing sensitive information between the board and the entities that