SEBI inagurates the publishing of agenda papers

Earlier on December 4, 2008, SEBI Board in its meeting had decided that the agenda papers submitted to the Board on all policy issues will be made available in the public domain by putting them up on the SEBI website after the Board has taken a decision on the issue. The reason for this decision was "to bring transparency in the working of the Board". On December 15, 2008 SEBI published the first ever such agenda paper and this agenda paper corresponds to the SEBI Board meeting held on December 4, 2008.
I have gone through the items on agenda but some of the items were already published in newspapers and websites. All these articles in media had the tag "sources disclosed that SEBI is mooting the idea of_______". For example, Economic Times on December 15, 2008 carried a news item "SEBI finalises exit policy for regional stock exchanges" and it stated that this was discussed in Board meeting. This news was published before SEBI officially published the agenda in its website. The publication of agenda papers by SEBI can to an extend limit the media speculation about SEBI decisions.

Some of the interesting information avaialable on the agenda are as follows:-
On December 4, 2006 SEBI Primary Market Advisory Committee (PMAC)discuused the issue of IPO grading and have taken the view that it is too early to form a conclusive view about effectiveness of the present policy of “mandatory IPO grading” and therefore, the status quo may be maintained in this regard.
PMAC has however taken note of certain issues, in this regard, like the following. (i) “ Performance matrix” for credit rating agencies, which may bring intended discipline amongst credit rating agencies doing grading. (ii) Need for surveillance on grades as is done in case of credit ratings etc. These issues would be further deliberated in the ensuing meetings of PMAC.