IRDAI – Corporate Governance Regulations of 2024 – Exposure Draft published on 2.2.2024 –  for doing business, reduce compliance, protection of policy holders and above all, best practices for the corporate governance of Insurers

IRDAI – Corporate Governance Regulations of 2024 – Exposure Draft published on 2.2.2024 –  for doing business, reduce compliance, protection of policy holders and above all, best practices for the corporate governance of Insurers

The paramount objective of the draft Regulations framed on the recommendations of the Regulations Review Committee for governance frame work for the Insurers, their functions, responsibilities and management to meet expectations of the stake holders including policy holders and for adoption of best practices for their governance.

The draft Regulations are aimed at

1. Corporate Governance
2. Remuneration of Directors and KMPs

• Stewardship Code and

1. Apointment / continuation of Common Director(s)