1. Sebi may make independent director post unattractive

    Sebi may make independent director post unattractive

    Independent directors, in demand among Indian corporates on shortage of qualified individuals, might become even harder to find, say experts.

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    1. According to the voluntary guidelines issued by the Ministry of Corporate Affairs, the maximum number of public companies in which an individual may serve as an independent director should be restricted to seven. It needs to be examined whether to restrict the number of independent directorships.