'Proceedings against independent directors may be initiated only once there is prima facie evidence of their possible involvement in the matter, rather than as a matter of course,' says CII
Sebi has thrown open for public discussion proposals for fortifying the position of independent directors (IDs)
The study of corporate governance by Excellence Enablers also found that while most companies complied with the requirement of minimum directors, several had more than 14 directors
MUMBAI (Reuters) - India's market regulator proposed on Monday tighter eligibility and appointment rules for independent directors of listed companies, a move seen aimed at protecting minority investors.
Many independent directors are not really independent and that a majority of independent directors in publicly traded Indian firms
Piramal Enterprises Ltd (PEL) on Friday announced the appointment of Anjali Bansal, founder and Chairperson of Avaana Group, as Independent Director to its Board. Her appointment is with effect from November 19, 2020, the company said in a statement. "Along with the recent two appointments of Independent Directors - Kunal Bahl, CEO & Co-Founder, Snapdeal, and Suhail Nathani, Managing Partner, Economic Law Practice, Anjali Bansal's appointment to the PEL Board is aligned to the company's succession planning of the Independent Directors on its Board," the company added. A former Non-Executive Chairperson of Dena Bank, Bansal was earlier a Global Partner and Managing Director with TPG Growth Capital. Prior to TPG, she was Global Partner and India CEO with Spencer Stuart and co-led their Asia Boards practice. She started her career as a strategy consultant with McKinsey and Co. in New York, PEL said. Currently, she serves as an Independent Non-Executive Director on several leading ...
Piramal Enterprises said it has appointed Snapdeal CEO Kunal Bahl and Economic Law Practice Managing Partner Suhail Nathani as independent directors to its board.
Recent events in a dynamic and rapidly evolving financial landscape have led to increasing scrutiny of the role of promoters, major shareholders and senior management vis-a-vis the role of a board
These remunerations would be treated as fees for professional or technical services
Centralised AAR was, in fact, already approved by GST Council and Cabinet over a year ago
T Series head Bhushan Kumar said they will resume work only when they are sure about the security of the cast and crew
Regulator must empower them to protect interests of minority shareholders, say experts
Independent directors have been in the eye of the storm for their inability to guide companies or being able to stand up to controlling shareholders
As independent directors are appointed for their skills and expertise they bring to the table, an online test is an irrelevant exercise to determine their proficiency.
Directors, including independent directors, are equally liable for omissions and commissions of the company
The databank is expected to become a comprehensive repository of both existing independent directors as well as individuals eligible and willing to be appointed as independent directors
Experts say people are getting more and more selective about joining boards of companies, while basing their decision on several qualitative factors
A number of value added services are expected to be rolled out through the portal for capacity building of independent directors," an official release said
Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely
For corporate governance to improve, the IDs need to play a meaningful role