Chapter VIIRIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA )
Compensation and tenure of key management personnel: committee-determined pay policy, board approval for managing director, mandatory pay-ratio disclosure. A Nomination and Remuneration Committee, majority public interest directors and chaired by a public interest director, must determine a compensation ... Summary
Compensation and tenure of key management personnel: committee-determined pay policy, board approval for managing director, mandatory pay-ratio disclosure.
A Nomination and Remuneration Committee, majority public interest directors and chaired by a public interest director, must determine a compensation policy and set KMP compensation per prescribed norms; managing director compensation requires Board approval and prior Board consent for changes; KMP compensation and the ratio to median employee pay must be disclosed in the statutory report; non-director KMP tenure in a regulatory department is a fixed posting period decided by the Committee.
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