In June this year, the Securities and Exchange Board of India (SEBI) appointed a committee under the chairmanship of Mr. Uday Kotak to review corporate governance norms in India, and to make recommendations to enhance governance standards. The committee comprised members from diverse fields. It issued its report on 5 October 2017. The report contains several significant recommendations. SEBI has invited comments on the report by 4 November 2017.
In a column titled “The Next Phase of Corporate Governance Reforms” in BloombergQuint, I set out a brief analysis of the approach of the committee, the tenor of its recommendations, and the issues that are likely to be encountered in the acceptance and implementation of the report.