SEBI makes it voluntary for listed companies to separate roles of CEO and Chairperson

Market regulator Securities and Exchange Board of India has made it voluntary for listed companies to separate the role of chairperson and managing director or Chief Executive Officer.

Separation of roles was to become mandatory from April 1, 2022, for top 500



companies. However, in its board meeting this afternoon, the market regulator cited various industry representations, highlighting the constraints posed by the prevailing pandemic situation to make the separation of roles requirement voluntary.