Sep 21, 2009Company Law, ICSI 1. Key Managerial Personnel (Clause 178) (a) Definition As per clause 178, every company belonging to such class or description of companies as may be prescribed shall have Whole-Time Key Managerial Personnel (KMP).A Company Secretary is a KMP, as defined in clause 2(zza):Clause 2 (zza) -“Key Managerial Personnel, in relation to a company, means—(i) the Managing Director, the Chief Executive Officer or the Manager and where there is no Managing Director