From board permanency to audits, India Inc lags in corp governance: IiAS

Under proposed Sebi norms, firms must get shareholder nod at least once in 5 yrs for each board seat so that promoters aren't able to retain control after losing dominant shareholding

Khushboo Tiwari | Mumbai
Last Updated at March 7, 2023 14:49 IST

Just a few days before Invesco’s notice, proxy advisory firm Institutional Investors Advisory Services (IIAS) had asked Zee shareholders to vote against Kurien and Chokhani.

Nearly 30 per cent of the top 100 companies have permanent board seats, a set up that the market regulator plans to eliminate to strengthen corporate governance at listed firms.

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