Many chief executive officers (CEOs), directors of public companies and capital market operators (CMOs) are worried by the Securities and Exchange Commission (SEC)’s new directives on independent non-executive directors (INED) and directors of boards. The SEC had, on a June 19 circular, noted that a chief executive officer or executive director who steps down after 10 or 12 consecutive years cannot be appointed as chairman until the expiration of a three-year ‘cool off period.’ “The tenure of such former Chief Executive Officer and Execut
Many chief executive officers (CEOs), directors of public companies and capital market operators (CMOs) are worried by the Securities and Exchange Commission (SEC)’s new directives on independent non-executive directors (INED) and directors of boards. The SEC had, on a June 19 circular, noted that a chief executive officer or executive director who steps down after 10 or 12 consecutive years cannot be appointed as chairman until the expiration of a three-year ‘cool off period.’ “The tenure of such former Chief Executive Officer and Execut