 "The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai (Photo: Reuters)")
Securities and Exchange Board of India (Sebi) has set up a committee to help improve corporate governance of listed companies, it said on Friday, in the light of recent high-profile corporate tussles.
Apart from helping ensure the independence of independent directors, the panel will also advise the market regulator on resolving issues related to accounting, auditing and board’s disclosure practices, Sebi said in press release.
Recent high-profile corporate tussles, including the one between Tata conglomerate and former chairman Cyrus Mistry, put the focus on corporate governance in India and highlighted the need for better oversight and tighter regulation of company boards.
Sebi Chairman
