Around 253 firms have complied, shows the data as of December 10 from nseinfobase.com. Non-compliant companies with the same person in the role include blue-chips like RIL, HUL, and ITC. Compliant firms include TCS, HDFC Bank, and ICICI Bank. Sebi, in its October 2017 report on corporate governance, said listed firms should have a different person heading the management and another in place as chairman of the board. It noted that separation would allow the board of directors to act more independently.
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