RBI to issue guidelines on corporate governance

Shriram Subramanian, founder & MD, InGovern Research, said: “The recent incidents of alleged corporate governance lapses in Yes Bank, PMC Bank and ICICI Bank earlier have prompted the regulator to bring corporate governance norms for regulated entities.”

The growing size and complexity of the Indian financial system underscores the significance of strengthening corporate governance standards in regulated entities, RBI said in its report.
On what could be the broad contours of the guidelines on corporate governance, Shriram Subramanian, founder & MD, InGovern Research, said, “ RBI is likely to emphasize on transparency of disclosures, avoiding conflict of interest and proper monitoring.”