What are the principles, that a listed entity shall comply with as per SEBI (LODR) 2015 Regulations ? Explain in brief the objectives of those principles.

Answer 5(b) Regulation 4(1) of the SEBI (LODR) Regulations, 2015 provides the principles which a listed entity has to comply are as under: To implement the applicable accounting standards in letter and spirit. To conduct the annual audit by an independent, competent and qualified auditor. To refrain from misrepresentation and provide adequate and timely information to recognized stock exchange(s) and investors and ensure that it is not misleading. To ensure to disseminate information in adequate, accurate, explicit, timely and presented in a simple language. To ensure that channels for disseminating information provide equal, timely and cost efficient access to relevant information by investors. To abide by all the provisions of the applicable laws including the securities laws and also such other guidelines. To make the specified disclosures and follow its obligations in letter and spirit. Filings, reports, statements, documents and information which are event based or are filed periodically shall contain relevant information. Periodic filings, reports, statements, documents and information reports shall contain information that shall enable investors to track the performance of a listed entity over regular intervals of time. The objectives of the said principles are: The rights of the shareholders: The listed entity shall seek to protect and facilitate the exercise of the rights of shareholders inter alia covering the decisions concerning fundamental corporate changes, vote in general shareholder meetings, being informed of the rules, opportunity to ask questions, adequate mechanism to address the grievances of the shareholders etc. Timely information: The listed entity shall provide adequate and timely information to shareholders, inter alia including sufficient and timely information of meetings, Capital structures and arrangements etc. Equitable treatment: The listed entity shall ensure equitable treatment of all shareholders, including minority and foreign shareholders, in the manner comprising of effective shareholder participation, exercise of voting rights by foreign shareholders, devise a framework to avoid insider trading etc. Role of stakeholders in corporate governance: The listed entity shall recognise the rights of its stakeholders and encourage co-operation between listed entity and the stakeholders in the manner as prescribed by SEBI. Disclosure and transparency in systems & procedures: The listed entity shall ensure timely and accurate disclosure on all material matters including the financial situation, performance, ownership, and governance of the listed entity in the manner as prescribed by SEBI. Duties and responsibilities of Board: The board of directors of the listed entity shall have the responsibilities pertaining to Disclosure of Information, Key functions of the board of directors and other responsibilities.