Sebi plans changes to norms for key board decisions, disclosures
Jan 23 2017: Mumbai: The Securities and Exchange Board of India (Sebi) is taking a re-look at board-level decision-making processes and their disclosures
in listed companies, said three people familiar with the development, including two officials at the regulator.
These key board-level decisions include the appointment and removal of directors; the implemention of new corporate strategies such as grouping
of companies, acquisitions, partnerships and transferring promoter control within associated entities; and evaluation processes such as deciding the remuneration of directors and the impact of their decisions.
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