Public interest director nominations require Board approval with fixed terms, cooling-off restriction, conflict oversight, and sitting fee limits. Regulation 24 requires prior Board approval for appointment and re-appointment of shareholder directors; mandates Board nomination of public interest directors for a fixed three-year term or extended period with Board approval; vests final authority in the Board to resolve conflicts concerning public interest directors; allows renomination after a one-year cooling-off period or such period as the Board deems fit; and limits compensation of public interest directors to sitting fees specified under the Companies Act, 1956.