Justifying the proposal, which is being opposed by a section of the ICC including South Africa, Srinivasan said the fears of India getting disproportionate control of the game are unfounded.
"The BCCI is quite happy to be involved with the leadership of cricket. We will embrace this ICC in the new structure, which will be good for cricket as a whole," Srinivasan told 'ESPN Cricinfo'.
Critics feel the proposed changes in the ICC power structure are a part of the BCCI's attempts to take over the governing body. But Srinivasan said the previous Members Participation Agreement on revenue-sharing was unfair to India but he did not specify how.
"I don't know how it got signed. I would not have signed the last MPA. There are a lot of disadvantages. We had made it clear that we could not sign the MPA in the current form," he said.
"The other members in the committee realised that India's concerns were legitimate and therefore it led to a discussion, out of which all these proposals came," he added.