Rule 7 - Small shareholders’ director.

Small shareholders' director: election and eligibility framework allowing small shareholders to nominate and appoint an independent representative.

A listed company may elect or appoint a small shareholders' director on prescribed notice. Nomination requires advance written notice by small shareholders and a nominee statement including Director Identification Number, non-disqualification confirmation, and consent. The nominee is treated as an independent director if eligible under the Act. Appointment follows general director provisions except the small shareholders' director does not retire by rotation, serves a limited consecutive term and is ineligible for immediate re-appointment. The director must meet eligibility rules, vacates on specified disqualifications or loss of independence, is limited in concurrent appointments, and faces a post-tenure association prohibition.