Friday, January 17, 2025

Sebi tightens norms on independent directors

Wednesday, June 30, 2021, 6:58
This news item was posted in Buzz category and has 0 Comments so far.

In an attempt to give more power to non-promoting shareholders in a company, markets regulator Sebi on Tuesday said that two-thirds of the members of the nomination & remuneration committee (NRC) and the audit committee (AC) of the board of a listed company should be independent directors. Currently, rules say that a majority of the members of these two important committees of the board should be independent directors.

You can leave a response, or trackback from your own site.

Leave a Reply