SEBI Board makes separation of Chairperson, MD/CEO roles voluntary not mandatory; cites lack of compliance - MMJC

The opinion of our partner – Mr. Makarand Joshi about SEBI’s decision w.r.t. separation of position was covered in Money Control, Business World, Live Mint, Economic Times, Financial Express & Aisa Pacific. 
 
The existing corporate governance framework is very strong and day by day enforcement is also becoming stronger. Hence, the separation of MD and Chairman positions was not a very burning issue. Making it voluntary by the market regulator reflects that the government is reciprocating to changes suggested by Industry.

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