Independent Directors and ‘Material’ Pecuniary Relationships: Ambiguity to Clarity
Independent Directors and ‘Material’ Pecuniary Relationships: Ambiguity to Clarity 2 SUMMARY OF THE BLOG This blog examines the concept of ‘material pecuniary relationship’ while assessing a director’s independence under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), and the Companies Act, 2013 (“Companies Act”). It highlights the regulatory differences in thresholds and…