Q446
An independent director means a director other than a managing director or a whole-time director or a nominee director who does not have any material or pecuniary relationship with the company/directors. Which of the following should be the number of Independent Directors in every listed public company (fraction is to be rounded off to one)?
A.
At least one-half of the total number of directors as independent directors
B.
At least one-fourth of the total number of directors as independent directors
C.
At least one-third of the total number of directors as independent directors
AnswerD.
It can be any number
Answer: Option C
Solution
Answer: Option C
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