Accountability, fairness, transparency and independence are the cardinal principles of corporate governance, which has become the buzzword because of the inflow of foreign investments into India.
To alleviate the concerns of foreign investors about efficient management and transparency, the Securities and Exchange Board of India (SEBI) has placed corporate governance high on its agenda and requires listed companies to provide a separate report on corporate governance pursuant to Clause 49 of the listing agreement.
Proprietor
PSA
Maintaining independence
Clause 49-I (A) mandates an optimum combination of executive and non-executive directors, with at least 50% comprising the latter.
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Priti Suri is the proprietor of PSA. Safeena Mendiratta is an associate.
Legal Counsellors
E601 Gauri Sadan, 5 Hailey Road
New Delhi – 110 00 India
Tel: +91 11 4350 0500
Fax: +91 11 4350 0502
www.psalegal.com
Email: p.suri@psalegal.com
