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Sebi's consultative approach should be welcomed

The market regulator is asking businesses to suggest areas where it could fine-tune regulations to ease the compliance burden on listed companies. The Securities and Exchange Board of India (Sebi) has indicated that it will make the process of evaluating the performance of boards and board members voluntary. It is also looking to develop and publish “implementation standards” for certain regulations to remove potential ambiguities and, thus, make compliance easier. India Inc should welcome this initiative since Sebi has released a slew of regulations recently, and many of these are couched in terms open to interpretation. As the regulator is