| ExibitA: Institutional/Legal Framework of Holding Multiple directorships: And International Comparison | ||
| US | UK | Ireland |
| The Council of Institutional Investors (2004) suggests that directors with a full-time job should not sit on more than two other boards and current CEOs should only serve on one other board. | The Combined Code (Financial Reporting Council, 2003) recommends that full-time executive directors should not take on more than one non-executive directorship in a FTSE 100 company. | The Irish Law, Section 45 of the Companies (Amendment) (No. 2) Act, 1999 introduces a limitation on the number of companies of which a person can be a director, or shadow director, to 25. Directorships in companies within the same group of companies are aggregated for the purpose of this requirement. |
| India | ||