Ch 5 · Ethics & Corporate Governance in Practice

⭐ Important points (exam-critical)

• ⭐Independent Director: criteria under Sec 149(6); restrictions on tenure (max 2 terms of 5 yrs).
• ⭐Related Party Transactions: Sec 188 + SEBI LODR Reg 23 — material RPTs need shareholder approval.
• ⭐Whistleblower protection: Sec 177(10) — non-disclosure of identity, no victimisation.
• ⭐BRSR Core 9 attributes assured by FY 2026-27 for top 1000 listed.