I don’t follow corporate governance in India as much as I would like but this video explains some recent reforms too important to ignore.
To exhort listed companies and their top executives to follow ‘good business practices’, regulator Sebi cleared new corporate governance norms that require them to justify CEO salaries, put in place whistle-blower policies and have orderly succession plans.
They are also implementing requirements of the Companies Act, including a cap on director tenure, maximum service on 7 boards (three if employed full time), minimum of one woman director, and no stock options for directors.
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