Corporate governance reforms strengthen disclosures, secretarial audit eligibility, compliance officer designation and promoter reclassification procedures. Amendments revise definitions and strengthen corporate governance, disclosure and compliance requirements for listed entities: they add SR equity shares, expand 'securities laws', mandate Peer Reviewed Secretarial Audits with term limits and signing requirements, require designated whole-time Compliance Officers as Key Managerial Personnel, impose timelines for filling vacancies and shareholder approval for board appointments, enhance digital disclosures (audio/video/transcripts of calls, XBRL filings, web-link annual reports), allow limited audit committee ratification of non-material related party transactions, and prescribe procedures and timelines for promoter reclassification including exceptions for insolvency resolution plans.