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IAI Actuarial Core Principles · Business Finance · Regulation of financial reporting of incorporated entities

Under the SEBI Listing Regulations, which statement best describes the requirement for a listed company's corporate governance report?

Listed companies must file a corporate governance report with the stock exchanges every quarter, covering board composition, committees and compliance status, and also make governance disclosures in the annual report. It is mandatory, prepared by the company, and supplements rather than replaces the directors' report.

  1. AIt is submitted to the exchanges on a quarterly basis, covering board composition, committees and compliance statusCorrect
  2. BIt is optional for companies with high profits
  3. CIt is prepared only by the stock exchange
  4. DIt is required only at the time of an IPO
  5. It replaces the directors' report entirely

Explanation

Listed entities file a quarterly corporate governance compliance report with the exchanges and give governance disclosures in the annual report. It is not optional, not prepared by the exchange, not limited to IPOs, and does not replace the directors' report.

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