1 min read.Updated: 21 Feb 2014, 08:34 PM ISTLivemint
Out of the 220 independent directors of Nifty 50 firms whose tenure is available on Bloomberg, a quarter are ineligible as per new norms
The Securities and Exchange Board of India (Sebi) cleared a new set of guidelines on corporate governance on 13 February, which is aimed at protecting the rights of minority shareholders through improved quality of independent directors serving on the boards of listed Indian companies by limiting the tenure and number of directorships they can hold.
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