The Key managerial personnel (KMP) are central to a company’s efficiency, compliance, and financial health. The Companies Act, 2013 promotes transparent governance through structured appointments, defined board roles, and regulated remuneration. Evolving procedures, like the 2023 MR-1 changes, reflect an increasing emphasis on strong internal controls. While KMPs execute the board’s v... https://www.skmcglobal.com/blog/role-of-key-management-personnel-and-their-appointment-under-company-law