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SEBI Circular dt. 05.01.2017 issuing Guidance Note on Board Evaluation:

SEBI vide Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/004 on Thursday, 5th January, 2017 stated that as The Companies, Act 2013 & SEBI (LODR) Reg., 2015 contains several mandatory provisions of Board Evaluation for listed entities. However, this being at nascent stage in India, to provide clarity & guidance to listed entities, a guidance note is issued by SEBI to improve evaluation process, derive best possible benefit & achieve the objective of entire Board Evaluation Process.

The said Guidance Note for Board Evaluation covers following aspects:

  • Subject of Evaluation;
  • Objectives and criteria to be adopted for evaluation of different persons;
  • Feedback to the persons being evaluated;
  • Action Plan based on the results of the evaluation process;
  • Disclosure to stakeholders;
  • Frequency;
  • Responsibility; and
  • Periodical Review.

The detailed Guidance Note can be accessed from the Circular of SEBI available at the following link:SEBI Circular_05.01.2017_GuidanceOnBoardEvaluation

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