Sebi Chief Ajay Tyagi bats for better corporate governance norms

New common stewardship code for institutions to be rolled out soon

The Securities and Exchange Board of India (Sebi) is looking at a series of measures to improve corporate governance and investor awareness in the securities market.  The regulator is also keen on procedural improvements and moving to a “deterrent” enforcement regime.

Speaking at the CII Annual Session, Sebi chairman Ajay Tyagi outlined a broad range of issues that will engage the regulator’s attention over the next few months. The move comes close on the heels of the regulator’s board meet, where it took several measures including introduction of options in commodities.

On one hand, Sebi is reviewing the takeover code