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Appointment of executive director

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....agement personnel who shall head Vertical 1 and Vertical 2 respectively and the recognised stock exchange or recognised clearing corporation may, at its discretion appoint an executive director to head Vertical 3, as referred to in Part C of Schedule II of these regulations. (2) The stature of executive directors shall be similar to that of the managing director. (3) The process of appointment, ....

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....ognised stock exchange or the recognised clearing corporation, be appointed on the board of a subsidiary of a recognised stock exchange or a recognised clearing corporation. (6) The roles and responsibilities of executive directors of Vertical 1 and Vertical 2 shall include the following: a) management of whole of the affairs of their respective verticals; b) ensure that the functions under t....

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Appointment of executive director