Independent Directors

Steady growth in the number of companies paying a sitting fee of Rs 100,000 or more per board meet

New appointments will strengthening governance, says food delivery platform

Earlier this month, Dish TV had announced the appointment of three new independent directors to the company's board

Independent directors ensure integrity of financial information, report unethical behaviour

Tata Power has received shareholders approval to appoint former Union home secretary Rajiv Mehrishi as an independent director on its board. The special resolution for the appointment of Mehrishi as an independent director was passed with requisite majority, according to a regulatory filing on Tuesday. Mehrishi is a retired Indian Administrative Service (IAS) officer of the 1978 batch belonging to the Rajasthan cadre and has a wide experience of over 42 years. He has served in various key posts in Union and Rajasthan governments. Among other positions, he has served as Union home secretary, was also the 13th Comptroller and Auditor General of India (C&AG). In 2022, he was awarded the Padma Bhushan.

Experts feel Sebi diktat may deter those with non-financial background from joining boards

Independent directors add value to a company not only through their explicit knowledge and cognitive skills, but also through their experiential intuition and heuristic skills

Fintech unicorn BharatPe has appointed former RBI deputy governor B P Kanungo and TARI founder Kaushik Dutta as independent directors as it looks to strengthen governance rigour and transparency in the preparation of a listing. "Business is about to turn profitable in a few months and we are strengthening governance at the company by appointing independent directors," BharatPe CEO Suhail Sameer told PTI. The firm, which currently has nine directors on its board, is looking to have at least one-third of directors as independent directors, he said. Besides Sameer, co-founder Shashvat Nakrani is on the board as executive director. Investors have four nominees. The board is chaired by former SBI chairman Rajnish Kumar. BharatPe, he said, would look to go public in the next 2-3 years' time. "Post-2024 (general) elections should be a good period," he said. While Kanungo recently retired as Deputy Governor of the Reserve Bank of India, Dutta currently is the chairman and independent dire

Karnam Sekar, Malvika Sinha named independent directors; NARCL Board now has 5 nominees from shareholder banks, one more independent director likely to join soon

The chairperson of Future Lifestyle Fashions Ltd, Shailesh Haribhakti, has resigned observing that 'board's recommendation to find solutions have not been met with implementation impetus'

All 19 companies would be consolidated into one entity -- FEL -- and then transferred to RRVL

FRL had set conditions to accept Amazon's proposal in a letter sent to the US e-commerce firm dated January 21

On January 10, the company secretary informed that Rantesh has re-joined NTPC

Suyash's appointment, for five years, will be effective from Jan 24, 2022

Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007

They have been inducted on to the company's board effective November 12, will hold office for three years

Joins three other independent directors and one nominee director, besides Ritesh Agarwal who is the chairman

The key lies in training and aligning directors about the behavioural aspects of governance, not only about the laws

As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of directors as independent directors.

Keshav Chandra said frauds happen in companies, not just through promoters but a whole group of people who work to achieve the promoter's plan