Tuesday January 8 2013
News Source: Global Exchanges
Focus: Stock Exchange Corporate Governance
Type: General
Country: India
Link: http://www.sebi.gov.in/cms/sebi_data/attachdocs/1357290354602.pdf
The Securities and Exchange Board of India have issued a consultation paper on corporate governance which proposes splitting of the post of chairman-cum-managing director, giving greater responsibilities and powers to independent directors. The consultation also sets out proposals to align rules regarding listed entities with the new Companies Bill that is awaiting approval in the Indian Parliament.
Click on the above link for more details.