SEBI's ID guidance on a promoter's cousin reveals a crucial tension: legal compliance vs

SEBI's ID guidance on a promoter's cousin reveals a crucial tension: legal compliance vs. substantive independence.

A narrow definition of "relative" means IDs with close familial ties can vote on promoter remuneration, creating an asymmetry in governance. This challenges boards to look beyond the letter of the law for true corporate integrity.

https://corporate.cyrilamarchandblogs.com/2026/06/independent-directors-and-the-boundaries-of-independence-reflections-on-sebis-recent-informal-guidance/