TMI BlogObligations with respect to employees including senior management, key managerial personnel, directors and promotersX X X X Extracts X X X X X X X X Extracts X X X X ..... pect to employees including senior management, 7 [key managerial personnel], directors and promoters.] 26. (1) A director shall not be a member in more than ten committees or act as chairperson of more than five committees across all listed entities in which he 3 [ /she ] is a director which shall be determined as follows: (a) the limit of the committees on which a director may serve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n an annual basis. (4) 5 [ **** ] (5) Senior management shall make disclosures to the board of directors relating to all material, financial and commercial transactions, where they have personal interest that may have a potential conflict with the interest of the listed entity at large. Explanation.- For the purpose of this sub-regulation, conflict of interest relates to dealing in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall be disclosed to the stock exchanges for public dissemination: Provided further that subsisting agreement, if any, as on the date of coming into force of this sub-regulation shall be placed for approval before the Board of Directors in the forthcoming Board meeting: Provided further that if the Board of Directors approve such agreement, the same shall be placed before the public sharehol ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ***** 1 Substituted by SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016, w.e.f. 04.01.2017. Prior to substitution, the title read as follows- Obligations with respect to directors and senior management 2 Inserted by SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2016, w.e.f. 04.01.2017. 3. Inserted vide ..... X X X X Extracts X X X X X X X X Extracts X X X X
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