In an attempt to give non-promoting shareholders in a company more leverage, the markets regulator stated that majority of board of nomination and remuneration committee (NCR) and audit committee (AC) of a listed company must be comprised of two-third of independent. Currently, the board's bylaws require that a majority of the members of these two key committees should be independent ... https://www.corpzo.com/sebi-screwed-up-the-norms-on-independent-director