Corporate Governance Requirements#
What is Corporate Governance?#
Corporate governance is the system of rules, practices, and processes by which a firm is directed.
Key Requirements#
Board Composition#
- Minimum 3 directors
- At least 1 independent director
- At least 1 woman director (listed companies)
Board Meetings#
- Minimum 4 meetings per year
- Max 120 days gap between meetings
- Quorum: 1/3 or 2 members
Committee Requirements#
- Audit Committee
- Nomination & Remuneration Committee
- Stakeholders Relationship Committee
Conclusion#
Good governance builds investor confidence and long-term value.