The Securities and Exchange Board of India has conducted a consultation on corporate governance norms in India using the OECD Principles among the key benchmarks. Download the consultative paper for further information.
Launched in 2011, the India-OECD Corporate Governance Policy Dialogue supports policy makers by assessing key market practices and policy trends that may be detrimental to sound corporate governance. It also supports implementation by offering recommendations and policy options based on a comparative analysis. Furthermore, the program facilitates closer engagement in the regular work of the OECD Corporate Governance Committee and continued involvement in the Asian Roundtable on Corporate Governance. The Securities and Exchange Board of India (SEBI) is the main partner, with the Ministry of Corporate Affairs, stock exchanges and professional associations also participating.
Minority Shareholder Protection: Related Party Transactions
The goal of the first phase of the Policy Dialogue is to support policy-makers in their ambitions to improve monitoring and prevention of abusive related party transactions, monitoring of related party transactions, as part of overall efforts to improve corporate governance standards and practices in India. A guide to implementing the recommendations stemming from the OECD Corporate Governance Committee’s 2011 peer review on related party transactions and minority shareholder protection is expected to be released in 2013. Future work will focus on issues such as the role of institutional investors in promoting better corporate governance, which will build on the OECD Corporate Governance Committee’s 2011 peer review on the topic.
OECD-Asian Corporate Governance Roundtable
India has participated in the OECD-Asian Corporate Governance Roundtable and hosted the Roundtable's Workshop on Fighting Abusive Related Party Transactions in Asia, 2010.
Any requests for information should be addressed to Ms Fianna Jurdant, Senior Policy Manager, OECD Corporate Affairs Division (firstname.lastname@example.org, +33 1 45 24 79 25).
Related Party Transactions and Minority Shareholder Rights
The Role of Institutional Investors in Promoting Good Corporate Governance
Reform Priorities in Asia:
Taking Corporate Governance to a Higher Level (pdf)