Sebi to watch info sharing of co boards, promoters

The Sebi will soon consider how much information the management and boards of listed companies can share with their non-executive promoters, and whether independent directors need to play a more active role to ensure best corporate governance.

A high-level panel, headed by banker Uday Kotak, is already looking into various aspects of corporate governance, while the regulator has been receiving several representations from various groups of domestic and foreign investors, following the Infosys crisis, and earlier in case of Tatas.

A top regulatory official said these issues are likely to be discussed during Sebi’s board meeting later this month, though final guidelines would be framed only after putting up a draft for public consultation.