SEC Blocks Independent Directors From Becoming Executive Directors

SEC bars independent directors from executive roles - NewsTmes.com.ng

The Securities and Exchange Commission (SEC) has taken a firm stance on corporate governance by barring independent directors from transitioning into executive director positions within the same company or group. The move is aimed at preserving the principle of board independence, which the Commission believes is compromised when directors shift from an independent role to … The post SEC bars independent directors from executive roles appeared f…

SEC bans independent Directors from becoming Executive Directors

The Securities and Exchange Commission (SEC) has prohibited independent directors from transitioning into executive director roles within the same company or group. In a circular to public companies and capital market operators titled “Circular to All Public Companies and Capital Market Operators on the Transmutation of Independent Non-Executive Directors and Tenure of Directors”, the Commission stated that the practice of allowing Independent D…

SEC blocks independent directors from becoming executive directors

The Securities and Exchange Commission (SEC) has banned the conversion of Independent Non-Executive Directors (INEDs) into Executive Directors within the same company or corporate group.This is part of the SEC’s efforts to tighten corporate governance standards in Nigeria’s capital market.In a circular titled “Circular to All Public Companies and Capital Market Operators on the Transmutation of Independent Non-Executive Directors and Tenure of D…

SEC Bans Independent Directors From Becoming Executive Directors — City Business News

Advertisements The Securities and Exchange Commission (SEC) has prohibited Independent Directors from transitioning into Executive Director roles within the same company or group.In a circular to public companies and capital market operators titled “Circular to All Public Companies and Capital Market Operators on the Transmutation of Independent Non-Executive Directors and Tenure of Directors,” the Commission stated that the practice of allowing…

SEC bans independent directors of public companies from becoming executive directors - Worldstage

WorldStage Newsonline– Nigeria’s Securities and Exchange Commission (SEC) has banned  independent directors of public companies from transitioning into Executive Director roles within the same company or group. In a circular to public companies and capital market operators in Abuja on Friday, the Commission said the practice undermined the principle of board independence and weakened the value of having an impartial voice in company’s governance…