Related party transaction disclosure standards require specified minimum information be provided to audit committees and shareholders for approval. Listed entities must provide the information specified in the Industry Standards on 'Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction' when submitting RPT proposals to the audit committee and when including explanatory information in shareholder notices, pursuant to modifications to Section III B of the Master Circular read with Regulation 23(2), (3) and (4) of the LODR Regulations; stock exchanges and industry associations will publish and promote the standards and ensure compliance.