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<h1>SEBI Amends Listing Regulations: Chairperson and CEO Roles Must Be Separate, Enhancing Corporate Governance.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Listing Obligations and Disclosure Requirements Regulations, 2022, effective upon publication in the Official Gazette. This amendment omits sub-regulation (1B) of regulation 17 and introduces a new clause in Schedule II, Part E. It allows listed entities to appoint separate individuals as Chairperson and Managing Director or CEO, with the Chairperson being a non-executive director and not related to the Managing Director or CEO, as per the Companies Act, 2013. This aims to enhance governance by separating these roles.