Regulatory Alerts2025-06-19
Circular To All Public Companies And Capital Market Operators On The Transmutation Of Independent Non-Executive Directors And Tenure Of Directors
The SEC has directed public companies and capital market operators to immediately stop converting Independent Non-Executive Directors to Executive Directors. It also limits director tenure to 10 years in one company and 12 in a group, with a 3-year cool-off for former CEOs/EDs before becoming Chairman.
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