Letter to BS: Splitting CMD role to help improve corporate governance

This is a much needed reform in line with global practices

This refers to the front page report “Breather for India Inc likely on CMD norm” by Shrimi Choudhary (January 9). The extension of the March 31 deadline by the Securities and Exchange Board of India (Sebi) may help the 247 top companies — including the big ones — identify suitable people for one of the two — chairman or managing director (MD)/chief executive officer (CEO) — roles but I do hope the “extension” is not a precursor to watering down the excellent proposal that promises to improve our corporate governance norms. There is, of course, the possibility that many corporations