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of <h1>SEBI Regulation 26: Limits on Director Committee Roles, Conflict Disclosures, and Approval for Profit-Sharing Agreements.</h1> Regulation 26 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 outlines obligations for directors, senior management, and promoters of listed entities. Directors cannot serve on more than ten committees or chair more than five across all listed entities. They must disclose their committee roles to the entity and update any changes. Annually, directors and senior management must affirm compliance with the code of conduct. Senior management must disclose conflicts of interest in material transactions. Agreements related to compensation or profit sharing with shareholders require board and public shareholder approval, with interested parties abstaining from voting.
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