Director elected by small shareholders ensures listed companies include a board seat representing small investors under prescribed terms. A listed company may provide for a director elected by small shareholders, limited to one director, to be appointed in the manner and on the terms and conditions prescribed. 'Small shareholders' are defined by a nominal shareholding threshold not exceeding a prescribed sum, with the exact limit and procedural details to be set by regulation.
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Provisions expressly mentioned in the judgment/order text.
Director elected by small shareholders ensures listed companies include a board seat representing small investors under prescribed terms.
A listed company may provide for a director elected by small shareholders, limited to one director, to be appointed in the manner and on the terms and conditions prescribed. "Small shareholders" are defined by a nominal shareholding threshold not exceeding a prescribed sum, with the exact limit and procedural details to be set by regulation.
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