https://www.taxtmi.com/article/detailed?id=814 The governance framework mandates that the Governing Board limit trading member directors to one fourth, public interest directors to one fourth, and fill remaining seats with shareholder directors; directors (except public interest directors and the Chief Executive) are shareholder elected with term limits, and the chair must be a non executive non trading director. Eligibility rules disqualify non citizens, recent trading entrants, defaulters and those with suspended or cancelled registrations. The Chief Executive's appointment and removal require prior regulatory approval; exchanges must undertake due diligence, form a selection committee with external experts and a public interest director, and vest operational powers in the Chief Executive while restricting board interference in surveillance and risk functions. en-us Sat, 05 Jun 2010 00:00:00 +0530 Sat, 05 Jun 2010 08:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=814 The governance framework mandates that the Governing Board limit trading member directors to one fourth, public interest directors to one fourth, and fill remaining seats with shareholder directors; directors (except public interest directors and the Chief Executive) are shareholder elected with term limits, and the chair must be a non executive non trading director. Eligibility rules disqualify non citizens, recent trading entrants, defaulters and those with suspended or cancelled registrations. The Chief Executive's appointment and removal require prior regulatory approval; exchanges must undertake due diligence, form a selection committee with external experts and a public interest director, and vest operational powers in the Chief Executive while restricting board interference in surveillance and risk functions. Articles Corporate Laws / IBC / SEBI Sat, 05 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=814