Sebi’s two-year deferral presents firms with a chance to properly plan leadership succession
India Inc. will heave a sigh of relief as the Securities and Exchange Board of India (Sebi) has finally yielded to mounting pressure and deferred its 2018 directive to separate the roles of chairman and managing director in certain listed companies, which was earlier to come into effect from 1 April 2020. Sebi decided to defer the implementation of these norms to 1 April 2022 through a gazette notification published on 13 January 2020.
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