Monday 15 September 2014

India: governance norms - SEBI amendments to Clause 49 of the Equity Listing Agreement

The Securities and Exchange Board of India has published several amendments to Clause 49 of the Equity Listing Agreement (which sets out various corporate governance norms; a revised version was published earlier this year): see here (pdf). Amongst the amendments are those concerning the companies subject to Clause 49 as well as a delay in the provision requiring boards to have at least one female director.

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