Best of BS Opinion: Four years of GST, towards better governance & more

Here are the best of Business Standard's opinion pieces for Thursday

The Securities and Exchange Board of India has made several important changes to regulations pertaining to independent directors (IDs). These changes are designed to improve corporate governance by distancing IDs from the promoters and management, and to increase the transparency on remuneration for IDs. Under the new regulations, which come into force from January 2022, IDs must be appointed, reappointed, or removed through a special resolution of shareholders. This requires a 75 per cent vote in favour as opposed to an ordinary resolution, which requires only a simple majority. This in itself, should ensure that IDs are approved by minority