Under Section 151 of the Companies Act, which type of director may a listed company appoint?

Under Section 151 of the Companies Act, a listed company may appoint a Small Shareholders' Director. This provision allows small shareholders holding shares of nominal value of not more than 20,000 rupees to have a representative on the board of directors. The appointment of a Small Shareholders' Director ensures that the interests of small shareholders are considered in the company's decision-making process. This director is typically elected by small shareholders, providing them with a voice in the company's governance.