Remuneration Committee updated: listed firms must appoint a minimum number of non-executive independent directors; subsidiaries covered. Amendment to Schedule XIII inserts the phrase applying the salary-scale proviso where the company is a listed company or a subsidiary of a listed company, and substitutes Explanation IV to define 'Remuneration Committee': for listed companies a committee of a minimum number of non executive independent directors including nominee director(s), and for other companies a Remuneration Committee of Directors; effective from publication in the Official Gazette.