Market regulator Sebi is looking at including the suggestions made by the Adi Godrej panel on corporate governance in the listing agreements for companies, the Corporate Affairs Minister, Veerappa Moily said today.
The panel, set up by the ministry and chaired by eminent industrialist Adi Godrej, has come out with various suggestions on improving overall corporate governance.
“I am happy to inform you that Sebi is actively contemplating making these principles as part of its listing agreements.
“We on our part are examining as to how these principles can form part of policy guidelines of corporate governance,” Moily said at the Economic Editors’ Conference here.
According to the minister, the committee has recommended adoption of 17 “Guiding Principles” to underpin the system of corporate governance in the country.
The recommendations cover various aspects of corporate governance such as responsibilities of independent directors and functioning of a company’s board.
In recent times, there have been rising concerns about corporate governance at companies.