Indian regulator publishes corporate governance guidelines

The Insurance Regulatory and Development Authority of India
(Irdai) has today (19 May) released its final corporate governance
guidelines for the insurance industry, which are aimed at
strengthening the boards of insurance companies.
The rules give responsibility for compliance under the Insurance
Act to boards, and requires them to address the expectations of
shareholders and policyholders while laying down projections.
They also require boards to examine projections on capital
requirements, re