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of <h1>SEBI Amends Clause 49: Institutional Directors Now Independent in All Companies, Including Government Ones.</h1> The Securities and Exchange Board of India (SEBI) issued a circular amending Clause 49 of the Listing Agreement concerning corporate governance. Previously, institutional directors on company boards, except for government companies, were considered independent directors. The amendment removes the exception for government companies, meaning institutional directors will now be regarded as independent directors in all companies, including government ones. Stock exchanges are instructed to update their listing agreements to reflect this change immediately.
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