Securities and Exchange Board of India (Sebi) board has decided to make provision for separation of the roles of chairperson and MD/CEO as ‘voluntary’ against ‘mandatory’ earlier. The market regulator had in June 2017 set up a committee on corporate governance under Uday Kotak with a view to seek recommendations to further enhance corporate governance norms for listed companies.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
One of the recommendations that the Committee came out with was the separation of the roles of chairperson and MD/CEO of listed companies. This was proposed to provide a better and more balanced governance structure by enabling more effective and objective supervision of the management. The Sebi board, in its meeting in March 2018 approved the proposal for the top 500-listed entities. Later the deadline for compliance was extended by two years in January 2020.
Important takeaways for all competitive exams:
The IPL 2026 season was the 19th edition of the Indian Premier League, featuring 10…
Royal Challengers Bengaluru (RCB) won the Indian Premier League (IPL) 2026 title by defeating Gujarat…
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Questions 1. Who became the first foreign player to complete 5,000 runs in IPL? Exam:…
As the spotlight in T20 cricket usually falls on the batters as they play display…
The Indian Premier League (IPL) is the most coveted T20 tournament in the world and…