04-01-2013
Strengthening Norms For Corporate Governance
In its attempt to strengthen the corporate governance norms, SEBI releases a consultative paper envisaging punishment for non-compliance of corporate governance standards as well as proposing a corporate governance rating of companies by credit rating firms. The paper proposes changes in norms in regard to independent directorships, remuneration to top management, prohibiting superior rights to certain investors, e-voting for resolutions, audit committees and many more.
SOURCE:- www.livemint.com
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