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MARKET REGULATOR RAISES THE BAR ON CORPORATE GOVERNANCE(Indian Business Insight Via Acquire Media NewsEdge) The market regulator Securities and Exchange Board of India (SEBI) has made some amendments to the listing agreement by putting some stringent requirements in certain areas of corporate governance as opposed to those required by the new company law. According to SEBI, the move is intended to raise the bar on corporate governance among listed companies. SEBI feels that the additional requirements in areas like related party transactions and independent directors have been mandated to improve the level of governance and do not override the requirements of the new company law. |