Point-by-point analysis of Sebi's new corporate governance framework

Out of the 81 recommendations by Kotak panel, market regulator has accepted 40 proposals without any modifications; 15 with modifications; 18 were rejected and 8 have been referred to other agencies

Capital market regulator Securities and Exchange Board of India (Sebi) has approved sweeping changes to the corporate governance framework for listed companies. The new measures are based on recommendations made by a 25-member committee headed by Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank. The panel had suggested 81 key changes and new measures to improve the governance standards at India Inc. 

Some of the proposals faced oppositions from industry and other regulators after the committee made its report public in October 2017. Sebi had to take all stakeholders on board to ensure implementation of the