Sebi asks listed cos to set up governance panel to monitor unlisted subsidiaries

Sebi asks listed cos to set up governance panel to monitor unlisted subsidiaries
11/05/2018 , by , in ALLIED

Markets regulator Sebi on Thursday asked listed companies with a large number of unlisted subsidiaries to monitor their governancethrough a dedicated committee comprising board of directors.

The decision of setting up of such a ‘Governance Committee’ would lie with the board of directors of the listed entity, the Securities and Exchange Board of India (Sebi) said in a circular.

A strong and effective group governance policy may be established by the entity.

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