Director eligibility for share-based schemes requires contractual disclosure, non renounceability of grants, and specified filing obligations. Employees participate in share-based employee benefits and sweat equity schemes as determined by the compensation committee. For directors nominated by an institution, the nomination contract must state whether grants can be accepted, prohibit renouncement of grants in favour of the nominating institution, and set conditions for acceptance of fees or incentives. The nominating institution must file the contract with the company, the company must file it with listed stock exchanges, and the nominated director must provide a copy at the first board meeting attended after nomination.