Compensation and tenure of key management personnel

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..... muneration Committee comprising a majority of public interest directors and chaired by a public interest director. (2) The Nomination and Remuneration Committee shall determine the compensation of key management personnel in terms of a compensation policy. (3) The compensation policy shall be in accordance with the norms for compensation policy specified under PART - I of Schedule - II of these .....

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..... ided by the Nomination and Remuneration Committee. Explanation: For the purpose of sub-regulation (7), the tenure refers to the period of posting as key management personnel in a regulatory department, which shall be for a fixed period *************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/93 dated 11-08-2022 before it was read as, "comprise of" -
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