Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Shareholder director appointments on stock exchange boards need Board approval; public interest directors serve fixed three-year terms.</h1> The appointment and re-appointment of shareholder directors on the governing board of recognized stock exchanges or clearing corporations require prior approval from the Board. Public interest directors are nominated by the Board for a fixed term of three years, with possible extensions. The Board's decision is final in resolving conflicts regarding the roles of public interest directors. These directors can be renominated after a cooling-off period of one year or as determined by the Board. Public interest directors receive only sitting fees as specified in the Companies Act, 1956.
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