Splitting CMD roles: SBI cites Act, seeks clarity from Sebi

Sebi has asked all listed companies to appoint separate individuals to the posts of chairman and managing director by April 1, 2020. Also, the chairman, who will have a non-executive role, should not in any way be related to the managing director or the CEO. This rule, however, does not apply to companies with no identifiable promoter.

from Banking/Finance-Industry-Economic Times https://ift.tt/36zl5se