https://www.taxtmi.com/notifications?id=127014 The regulations prescribe that an insolvency professional agency's Governing Board comprise a managing director, independent directors and shareholder directors with minimum composition and residence requirements; independent directors must meet integrity and expertise criteria, have no recent pecuniary or shareholding ties to the agency, be nominated by the Board from agency proposed names, serve limited terms with a cooling off before becoming shareholder directors, and one independent director must attend Board meetings. The managing director is to be publicly selected, subject to age and term limits, committee-recommended remuneration, Board approval for appointment and termination, and is an ex officio member of key committees. en-us Thu, 11 Oct 2018 00:00:00 +0530 Fri, 12 Oct 2018 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127014 The regulations prescribe that an insolvency professional agency's Governing Board comprise a managing director, independent directors and shareholder directors with minimum composition and residence requirements; independent directors must meet integrity and expertise criteria, have no recent pecuniary or shareholding ties to the agency, be nominated by the Board from agency proposed names, serve limited terms with a cooling off before becoming shareholder directors, and one independent director must attend Board meetings. The managing director is to be publicly selected, subject to age and term limits, committee-recommended remuneration, Board approval for appointment and termination, and is an ex officio member of key committees. Notifications IBC Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127014