India’s rank in the area of ‘minority investors protection’ improved to four, from 13, on the back of several policy changes undertaken by market regulator Sebi to increase investor protection and market integrity.
On the investor protection front, Sebi enhanced norms in the area of governance. It mandated companies to formulate and disclose a dividend distribution policy. It extended the applicability of business responsibility reporting (BRR) to the top 500
listed companies. Under BRR, companies have to disclose their performance in areas such as social, environmental and economic responsibilities.
Sebi also asked firms to migrate to new Ind-AS accounting standards and to disclose