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Why CMD role separation remains a work in progress despite deadline nearing

Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board

CMD | HUL | Hindustan Unilever Limited

Sachin P Mampatta 

Why CMD role separation remains a work in progress despite deadline nearing

Recent reports of promoter family members having to step down from key roles in their firms over new governance norms may not be one-off. In fact, they may become more common. Around 247 of India’s top-500 companies by market cap are yet to take a call on creating independent roles for chairman and managing director, even as the deadline for doing so is only around 90 days away.



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First Published: Fri, January 03 2020. 00:30 IST