the CO. (Listed) having 4 executive Directors, out of them 3 are premoter Director 2 non Executive Independent director(one is Women) , Chairperson is non executive, independent Director.
The Constitution of Board as per SEBI LODR is OK?
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related to SEBI LODR
Replies (3)
can u pls share correct numbers?
assuming out of 4, two are promoter n other two are independent, the Constitution is fine (ie min 1/3 independent where chairman is non executive)..
assuming out of 4, two are promoter n other two are independent, the Constitution is fine (ie min 1/3 independent where chairman is non executive)..
total 6 directors in the board 3 executive and promoters 1 executive non promoter I. e. 4 executive 2 independent non executive and non promoter
ok... since your chairman is non executive, 1/3rd of 6 should b independent.. i.e 2... so the composition is fine
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