Which of the following statements about the detailed corporate governance norms for listed companies issued in April 2014 by SEBI is/are correct ?
- 1. It provides for stricter disclosures and protection of investor rights, including equitable treatment for minority and foreign shareholders.
- 2. Under the new norms listed companies are required to provide the facility of e-voting to shareholders on all resolutions to be passed at general meetings.
Select the correct answer using the code given below :
Statement 1: These norms significantly strengthened corporate governance requirements for listed companies, focusing on stricter disclosures, board composition (increasing independent directors), and protecting the rights of all shareholders, including minority and foreign shareholders, ensuring their equitable treatment. This statement is correct.
Statement 2: The SEBI circular CIR/CFD/POLICY CELL/2/2014 dated April 17, 2014, mandated all listed entities to provide their shareholders with the facility of e-voting to enable them to cast their votes electronically on all resolutions proposed at general meetings. While initially mandatory for larger companies for certain resolutions via postal ballot/e-voting, the circular mandated the *facility* for *all* listed entities for *all* resolutions at general meetings. This statement is also correct in reflecting the key change introduced.