Board:

Board of Advisors is a crucial component of running and managing an Organization. General assumption is, you need a Board of Director as an Independent Director only, if you are a Public listed entity. It is mandatory to have Independent Director in a publicly listed Company.

The Securities and Exchange Board of India (SEBI) has mandated set of corporate governance guidelines for listed companies. These guidelines enforce, through their Listing Agreements with stock exchanges, that at least half or a third of the board should consist of independent directors, depending on whether the chairman is executive or non-executive. SEBI treats board nominees of shareholding or creditor institutions as Independent Directors.

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