Question
If a director is a Member of Parliament (M
- A , they are:
- P or Member of Legislative Assembly (ML
Solution
MPs and MLAs are generally considered ineligible for bank directorships to avoid political interference in banking.
More Corporate Governance and CSR Questions
- If a director is a Member of Parliament (MP) or Member of Legislative Assembly (MLA), they are:
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- What is meant by the jargon CSR?
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- For a Board meeting quorum, at least what proportion of attending directors must be Independent Directors?
- Is an elected director eligible for re-election after completing a term?
- What is the minimum number of Whole-Time Directors (WTDs) required for a Private Sector Bank?
- Which of the following persons is disqualified due to political position?
- An NED sends instructions directly to a mid-level officer regarding operational matters. Which of the following is correct?
- In the Risk Management Committee (RMCB), what is the mandatory requirement for the majority of members?
