1. IRDAI Issues Comprehensive Corporate Governance Guidelines

    IRDAI Issues Comprehensive Corporate Governance Guidelines

    Driving Growth Through Innovation IRDAI issues comprehensive corporate governance guidelines Insurance regulator IRDAI today released comprehensive corporate governance guidelines, including a cap on salary of CEOs and policy on whistle blowers. The revised guidelines, which came against the backdrop of changes in the Companies Act, 2013, combine the stipulations regarding the corporate governance practices, appointment of MD/CEO/whole time director and other Key Management Positions as well as the appointment of statutory auditors of insurers. These are applicable from 2016-17 onwards, the corporate governance report said. Insurers are well advised to put in place a 'whistle blower' policy, where-by ...

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