Saturday, January 7, 2017

SEBI issues guidance notes on Board Evaluation

The SEBI has issued guidance note on evaluation of Board of Directors. The main purpose of this guidance note is to educate the listed entities and their board. The guidance note covers all major aspects of board evaluation, viz, process of evaluation and criteria for evaluation of different persons, feedback to the persons being evaluated and action plan. Guidance note also includes disclosure to stakeholders on various aspects such as frequency of evaluation, responsibility of board evaluation and review of the entire evaluation process.

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