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Composition of the Board of Directors of the Listed Company as per LODR Regulations 2015

As per Sub Regulation (1) of the Regulation 17 of the SEBI (Listing Obligations and Disclosures Requirements) 2015

(a) the Board of Director of the listed entity shall have optimum combination of executive and Non executive Director with at least one woman director and not less than 50% of the Board of Directors shall comprise of non executive directors Provided that top 1000 listed entity shall have at least one independent woman director

1. Example

Listed Company must have minimum Directors

√ 3 Executive Director

√ 3 Non Executive Director including one woman Director

(b)  If the Chairperson of the Board of Directors is a non-executive director, then at least one-third of the board of directors shall constitute of independent directors and if the listed entity has an executive chairperson, then at least half of the board of directors shall comprise of independent directors.

Provided that where Non-Executive chairperson is a Promoter of the listed entity or is related to any Promoter or person occupying management position at the level of the board of director or one level below the board of directors, at least half of the board of directors of the listed entity shall consist of Independent Director

2. Example

i. Non Executive chairperson = 1/3 Independent Director

ii. Executive Chairperson = 1/2 Independent Director

iii. Non Executive Chairperson is a promoter of the listed entity or is related to any promoter or person occupying management position at the level of the board of director or one level below the board of directors =1/2 Independent Director

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Author Bio

CS Prity Bishwakarma is an accomplished professional and an Associate Member of the Institute of Company Secretaries of India (ICSI) since 2020. With over a decade of extensive work experience, she has established herself as a trusted name in corporate compliance and governance. Currently practic View Full Profile

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Section 173 of Companies Act 2013 SS-2 – Secretarial Standard On General Meetings Listed Company Quarterly Compliance Checklist Committees under SEBI (LODR) Regulation 2015 & Amendments thereof Transmission of Shares As Per Companies Act 2013 View More Published Posts

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