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<h1>SEBI Amends Clause 49: Enhanced Corporate Governance Rules for Listed Companies, Focus on Independent Directors and Transparency.</h1> The Securities and Exchange Board of India (SEBI) issued a circular amending Clause 49 of the Listing Agreement to enhance corporate governance in listed companies. Key mandatory provisions include requiring at least half the board to be independent directors if the non-executive chairman is a promoter or related to management, disclosing relationships between directors, and ensuring independent directors are at least 21 years old. Non-mandatory provisions suggest that independent directors should have relevant qualifications and experience. Stock exchanges must implement these changes and report their status to SEBI. The circular aims to protect investor interests and regulate the securities market.