Task force report seeks tough listing rules
New Delhi: The task force on corporate governance headed by S Rajagopalan, former chairman of the Mahanagar Telephone Nigam Ltd. has recommended that a National Listing Authority be set up for prescribing tougher listing and compliance regime for companies. The task force, appointed by the department of company affairs submitted its report on Thursday.

To ensure investor protection and general upgrading of the status of listed companies both internationally and domestically, the task force has recommended applying the toughest standards of corporate governance to listed companies. It has called for provision of greater information to shareholders and has recommended that more meaningful and transparent accounting and reporting, improved annual reports concomitant with more detailed filing with regulatory authorities, and greater facilitation for informed participation using the advances in converging information and communications technologies be adhered to.

Besides, it has also suggested various measures relating to listing and voluntary de-listing. The committee has emphasised the finer aspects of corporate social responsiveness and ethical business practices.
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