SEC bans independent directors from executive roles

...imposes cooling-off period for CEOs By Chukwuma Umeorah The Securities and Exchange Commission (SEC) has prohibited Independent Non-Executive Directors (INEDs) from taking up Executive Director roles within the same company or group, citing concerns over the erosion of board independence. The directive was contained in a circular titled “Circular to All Public Companies and Capital [...]The post SEC bans independent directors from executive roles appeared first on The Sun Nigeria.

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