Regulatory Alerts2024-08-15
Added · Updated
Listed Companies (Code of Corporate Governance) Regulations, 2019 – Amended upto June 12, 2024
The regulations mandate that listed companies maintain a board composition including at least one-third independent directors and one female director, with separate voting categories for their election. Executive directors are capped at one-third of the board, and the Chairman and Chief Executive Officer roles must be held by different individuals. The rules require boards to establish formal policies for risk management, sustainability, diversity, equity, inclusion, and anti-harassment, while also enforcing strict limits on directorships across multiple listed entities.
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