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The Great Divide: Chair And CEO Roles
SEBI would do well to adopt a risk-based approach rather than a universal approach, writes Umakanth Varottil.
21 Jan 2020, 11:24 PM IST
No corporate governance issue in India in recent times has stoked as much emotional fervour as whether companies should have separate unrelated individuals holding the positions of chair and chief executive officer (or managing director, as referred to in India). The market regulator Securities and Exchange Board of India’s answer is a resounding yes, but the market’s battle cry is a no. A temporary truce has postponed the quandary b...
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