Composition of the board.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 February 2012
ours is listed company.
We comply clause 49 of LIsting Agreement.
our Chairman is Non-Executive and also promoter of the Company.
Then we have 3 Whole-Time Directors (i.e. Vice-Chairman, Managing ditector and whole time director) and 4 Independent Directors. Total we have 8 Directors of the Company.
If Chairman resign and we will not appointed Chairman of the Company, then what would be composition of Board ?
We comply clause 49 of LIsting Agreement.
our Chairman is Non-Executive and also promoter of the Company.
Then we have 3 Whole-Time Directors (i.e. Vice-Chairman, Managing ditector and whole time director) and 4 Independent Directors. Total we have 8 Directors of the Company.
If Chairman resign and we will not appointed Chairman of the Company, then what would be composition of Board ?
CS Pawan Kumar Baid
(Expert)
10 February 2012
Chairman is needed only in meeting. Hence if chairman resigns, it will not affect anything at all.
At BoD meeting, if chairman is not present within 5 minutes, or where chairman is not present then directors present can appoint one of them to be chairman.
Clause 49 requires only that whether chairman is executive or non-executive, hence its better than you should appoint an independent director to be next chairman.
At BoD meeting, if chairman is not present within 5 minutes, or where chairman is not present then directors present can appoint one of them to be chairman.
Clause 49 requires only that whether chairman is executive or non-executive, hence its better than you should appoint an independent director to be next chairman.
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