Companies CEOs can no longer become Chairmen directly, says SEC

•Bans Independent Directors from becoming executive directors By Obas Esiedesa, Abuja The Securities and Exchange Commission (SEC) has prohibited the Chief Executive Officers (CEOs) from transitioning directly to board chairmanship positions in the company group, prescribing a three-year cooling-off period. The Commission in a circular also barred Independent Directors from transitioning into Executive Director roles [...]The post Companies CEOs can no longer become Chairmen directly, says SEC appeared first on Vanguard News.

Read More