Enhanced disclosure: The listed firms should disclose the detailed reasons for the resignation of the independent directors and at the same time these firms not be allowed to appoint a person as an alternate director in the place of any of the independent directors.
Splitting of the role: The report added that the listed companies with more than 40% public shareholding should separate the roles of chairperson and MD/CEO from April 1, 2020
Frequent interaction: Committee has sought frequent interaction between NEDs (non-executive directors) and senior management at least once a year.
