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SEBI to eliminate practice of having permanent board members for public listed companies
(30-Mar-2023, 14:37 Hours IST)  
The Securities and Exchange Board Of India or SEBI has decided to eliminate the current practice of having permanent board members for public listed companies. It said that board seats would come for voting every five years, making shareholder approval mandatory for the director. The regulator said any special rights granted to a shareholder of a listed entity need to come up for a periodic shareholder approval.

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