IMPACT OF PROPOSALS ON BOARD COMPOSITION
Proposal: Minimum number of directors increased from three to six Impact: 256 companies (15.4%) have five or less directors currently
Proposal: At least one woman independent director Impact: 637 companies (38.1%) don’t have a single independent director
Proposal: Same person can’t be chairperson and MD, CEO Impact: 640 companies (38.3%) presently have the same person as chairperson and MD, CEO
Proposal: At least 50% of directors need to be independent Impact: 326 companies (19.5%) would need to change composition of their board