Ex-Ante Consent, Ex-Post Risks: The Transparency Challenge of Omnibus Approvals in Related Party Oversight
I. Introduction The SEBI Circular of June 26, 2025, requiring Industry Standards to have minimum information to be disclosed to the Audit Committee and shareholders to authorize related party transactions, has revived the interest in the structure of the shareholder approvals and the responsiveness requirements of that approval. In the modern world, omnibus approvals, i.e., […]