Can Kotak panel recommendations be implemented? Sebi seeks govt's view

Sebi writes to Govt on improving PSU governance

The Securities and Exchange Board of India (Sebi) has written to the government on improving corporate governance standards and creating an autonomous environment at listed public sector undertakings (PSUs).

The market regulator has sought the Centre’s view on proposals, including reduction of dependency on administrative ministries and moving government holding in PSUs to a separate holding company in order to ensure more independence.  

Sources said Sebi wrote to the government on seven board proposals based on the recommendations made by the Uday Kotak-led panel on corporate governance. At its board meeting last month, the market regulator accepted most of