Sebi panel on corporate governance considers the benefits of splitting posts of chairman and managing director at listed firms, public sector units can be the first ones where such move can be implemented.
Capital market regulator Sebi, will be taking the final decision in respect of listed companies,whereas the public sector banks already have separate persons for the posts of chairman and MD according to the decision taken by the government and RBI.
Sebi rules require that listed companies can voluntarily separate both the posts to avoid any conflict of interest,but it has declined from making it mandatory yet.
