Directors
15.3
A listed issuer has 10 directors on board. However, there are only 3 independent directors. Does the listed issuer comply with paragraph 15.02 of the Main LR or does the listed issuer have to appoint another independent director?
Yes, the listed issuer would be in compliance with paragraph 15.02 of the Main LR as the number nearest to 1/3rd shall apply, which in this scenario would be 3 independent directors.