SEBI proposed a Consultative Paper titled ‘Corporate Governance Issues in Compensation Agreements’ to review the disclosure requirements under SEBI (LODR) Regulations, 2015. The Paper has proposed curbs on compensation agreements between promoters of a listed entity and private equity (PE) funds. One view is that there is no place at all for such side agreements in case of listed companies. Another view is that the focus may be on the principle of disclosure and transparency in governance of listed entities. In a discussion paper, SEBI proposed that certain arrangements between listed entities and PEs would need prior approval from shareholders. The proposals were approved by the SEBI on September 23. SEBI seeks public comments on the proposed norms by October 18, 2016.