More firms to follow M&M to comply with Sebi’s rules2 min read 20 Dec 2019, 11:10 PM IST
Changes imminent in over 214 firms as chairpersons can’t be related to MD or CEO
Of the top 500 firms, 162 have the same person as the chairperson, MD and CEO
MUMBAI : Anand Mahindra’s decision to be non-executive chairman of Mahindra and Mahindra, effective 1 April 2020, is also a culmination of the Securities and Exchange Board of India (Sebi) regulations, which mandate that the chairperson of the top 500 companies need to be non-executive.
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