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Concept Atlas/SET A

SET A · Core

Independent Directors — Composition

Listed: ⅓ independent (½ if chairperson is promoter or non-executive related to promoter, OR top-1000 by mcap).

Memory aid

Promoter chair? Half. Top-1000? Half. Otherwise one-third.

⚠ Most common mistake

Forgetting the top-1000 by market cap rule that overrides the chairperson test.

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