getGistInfo({"state":"SUCCESS","status":"dab578529b03641be227bfb1ad609ee4","dbid":{"$id":"57323eeee6f41369371cfb68"},"title":"Aftermath Of Satyam","img":"http:\/\/bw-image.s3.amazonaws.com\/s3fs-public\/old_img\/268156.jpg","descrT":["Why did Raju confess?","Second, no director belonging to the promoter group or the management should be a member of a listed company\u2019s audit committee.","Thus, the audit committee of any listed company must consist exclusively of independent directors \u2014 and not two-thirds as currently prescribed by Clause 49 of the Listing Agreement.","Fifth, we also need to revisit a non-mandatory provision of Clause 49 \u2014 namely, that independent directors should step off boards after nine successive years.","My preference is to start with 2004, when the new Clause 49 came into being; and count off nine years from then."]})