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Scores of listed companies found lacking requisite number of directors

Both private and public sector firms don't have the requisite number of directors

Topics
Private Firms  |  Public Sector Firms  |  Independent Directors

Sachin P Mampatta 

Directors
Illustration by Binay Sinha

There seem to be quite a few empty chairs in the boardrooms of India Inc. Both the Securities and Exchange Board of India’s (Sebi’s) listing regulations and the Act of 2013 mandate that a certain proportion of a company’s board be composed of . The presence of such directors is said to provide better oversight and help improve governance.

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First Published: Fri, December 28 2018. 12:50 IST
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