Billionaire Uday Kotak hardest hit by India’s plan to cap CEO tenures

The Reserve Bank of India has proposed a 10-year limit on bank founders remaining in the roles of CEO or full-time director, according to a discussion paper on corporate governance released on Thursday. The restricted tenure will ensure “separation of ownership from management but also reinforce a culture of professional management,” the paper said.

from Banking/Finance-Industry-Economic Times https://ift.tt/37otakF