 "company, board, management, policy, marketing, plans, growth, diversity, gender")
Boards are heading for what I describe as the great refresh. The Companies Act, 2013, which became operative in 2014, defined independence mainly for independent directors as being on the board for a maximum of 10 years. As this came with a concession that this 10-year clock will tick only from 2014 — all the prior years being expunged — 2024 is when most boards are now due for a major makeover.
Given this impending change, I expect a few companies — at least the progressive ones — to have started hiring new directors or at least have begun their
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
