Sebi plans to extend disclosure requirements related to sexual harassment of women to all listed companies
In the annual reports, listed companies will have to disclose about complaints filed during the financial year, number of complaints disposed of and number of complaints pending.
Published: 19th September 2018 08:47 AM | Last Updated: 19th September 2018 08:47 AM | A+A A-
The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai. (Photo | Reuters)
MUMBAI: To strengthen disclosures relating to the safety of women at corporate sector workplaces, markets regulator Sebi Tuesday decided to extend disclosure requirements pertaining to sexual harassment of women to all listed companies.
At present, the Business Responsibility Report requires similar disclosures from the top 500 listed companies.
In the annual reports, listed companies will have to disclose about complaints filed during the financial year, a number of complaints disposed of and a number of complaints pending as at the end of the fiscal.
The amendments to Sebi (Listing Obligations and Disclosure Requirements) norms have been approved to insert this disclosure requirement with respect to complaints under the Sexual Harassment of Women at Workplace in the corporate governance report as part of annual reports of listed entities, Sebi chief Ajay Tyagi told reporters here after the board meeting.
"Presently the Business Responsibility Report requires similar disclosures from top 500 listed companies.
The amendment approved by the board today will extend this requirement to all listed companies," he added.
With regard to Information Technology (IT) roadmap of Sebi, the regulator said it has four themes -- consolidation of IT Infrastructure, processes and cybersecurity; market protection initiatives; market supervision & development initiatives and market evolution initiatives.
This roadmap will facilitate Sebi to deploy its IT resources and funds in a well-planned manner.
The consolidation of IT infrastructure will usher in the synergy between various IT assets within the organisation and the various market protection and supervision initiatives will allow Sebi to regulate the market more effectively.
Besides, market evolution initiatives such as FinTech/RegTech will provide opportunities for financial and technical innovations in the securities market.
