Public companies in India must comply with a January 1, 2006 deadline to meet new corporate governance standards. The Securities and Exchange Board of India passed changes to companies' listing agreements including governance changes similar to those passed in the Sarbanes-Oxley Act and those recommended in the Higgs Report in the UK in recent years. The new director independence requirements and India's limited pool of independent directors, many of whom are aging, have created a need for director education in India to meet demands. See the following links:
http://knowledge.wharton.upenn.edu/index.cfm?fa=viewArticle&id=1332exchanges
http://executiveeducation.wharton.upenn.edu/ebuzz/0510/corporate.html
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