Firms say long tenure does not affect directors’ independence5 min read . Updated: 27 Nov 2014, 09:42 PM IST
Executives say new rule on the issue is reactionary and that it has made things more challenging
Mumbai: As a 33-year-old, Rajendra Ambalal Shah, who had a law degree, joined the board of consumer goods maker Procter and Gamble Hygiene and Healthcare Ltd (formerly Richardson Hindustan Ltd). Today, after 50 years, he remains on its board and serves as chairman.
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