Uday Kotak to head Sebi governance panel

The Securities and Exchange Board of India (Sebi) has set up a committee to recommend on better corporate governance standards at listed companies.

The 21-member panel is to give its report in four months. It will be chaired by Uday Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank. There will be representatives from corporate India, stock exchanges, legal firms, Sebi and proxy advisory firms.

Some of the other members are Keki Mistry, chief executive at HDFC; Rishad Premji, chief strategic officer at Wipro and R Shankar Raman, chief financial officer, Larsen & Toubro. Also Ashish Chauhan, chief executive