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    <title>Compensation and tenure of key management personnel.</title>
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    <description>Regulation requires a compensation committee with a majority of public interest directors, chaired by a public interest director, to determine key management personnel compensation pursuant to a compensation policy that conforms to Board-specified norms. Managing director compensation must be Board-approved and not changed without prior Board approval. Compensation must be disclosed in the depository&#039;s report under the Companies Act. Tenure of key management personnel other than directors is a fixed period determined by the compensation committee.</description>
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