December 22, 2013 5:56 PM

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Investor grievance redressal top focus areas for SEBI: Sinha

Investors aggrieved by actions of brokers or other market entities can look forward to an upfront interim relief payment, even if the arbitration award decided in their favour gets into an appeal. Disclosing this in Mumbai today, Securities Exchange Board of India chief U K Sinha, said investor grievance redressal has been one of the top focus areas for the SEBI, and it has been now ensured that the aggrieved investors get a portion of arbitration award immediately even if the decision is challenged by the broker. Mr. Sinha further disclosed that SEBI is also working on a new Corporate Governance Code for listed companies, where requirements could be tougher for larger entities requiring them to justify high executive salaries, putting in place an orderly succession plan and adopting a whistle-blower policy. The code is being put in place after taking into account public comments to draft corporate governance norms released by capital markets regulator earlier this year as well as the related provisions in the new Companies Act, 2013.

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