Sebi strict on governance norms

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OAM

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The market regulator has threatened to impose stringent penalties on companies who do not comply with corporate governance norms of appointing a requisite number of independent directors on their boards by the year end.

“There could be penalties that are uncomfortable and would erode investor confidence. Therefore, companies should realise that the cost of compliance is not a very high price to pay,” said Sebi chief M. Damodaran.

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