Under the SEBI’s new employee rules, two-third of the total posts for executive directors will be filled up with internal candidates and the remaining one-third, not more than _________, will be filled up by deputation or on contract basis.

Under the new rules, two-third of the total posts for executive directors will be filled up with internal candidates and the remaining one-third, not more than three, will be filled up by deputation or on contract basis. Earlier, 50 per cent of the total posts of executive directors were required to be filled up with internal candidates and the remaining 50 per cent were to be recruited by deputation/ contract and/or direct recruitment. Under the new rules, two-third of the total posts for executive directors will be filled up with internal candidates.