Implementation of Kotak Committee Recommendations

  • Capital market regulator SEBI has approved sweeping changes to the corporate governance framework for listed companies.
  • The new measures are based on recommendations made by a 25 members committee headed by Uday Kotak, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank.
  • The committee was formed in June, 2017 with the aim of improving standards concerning corporate governance of listed companies in India.

Key Recommendations

Proposals Accepted without Modifications

  • Reduction in the maximum number of listed entity directorships from 10 to 8 by April 01, 2019 and to 7 by April 1, 2020.
  • Expanding the eligibility criteria for independent ....
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