Sebi may give nod to partial implementation of Kotak panel recommendations

Sebi in favour of splitting CMD position

The Securities and Exchange Board of India (Sebi) is in favour of partial implementation of the recommendations made by the Kotak committee on corporate governance. 

The regulator is keen on implementing key proposals of the report such as changes to the board structure of listed companies, sharing price-sensitive information and MNC royalty payouts.  At the same time, some of the other recommendations like oversight of unlisted subsidiaries, bringing auditors under its purview and capacity building could be put on the back burner as some of them result in regulatory overlap, said people with the direct knowledge of the development. 

“Sebi