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Page 3 - Independent Directors

Exempt independent directors from any criminal liability, says CII

'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

Exempt independent directors from any criminal liability, says CII
Updated On : 15 Mar 2021 | 12:04 AM IST

Fortifying independent directors: Sebi's proposal may fail in practice

Sebi has thrown open for public discussion proposals for fortifying the position of independent directors (IDs)

Fortifying independent directors: Sebi's proposal may fail in practice
Updated On : 09 Mar 2021 | 6:10 AM IST

Only 28 Nifty 50 companies saw Covid-19 pandemic as a risk, shows data

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

Only 28 Nifty 50 companies saw Covid-19 pandemic as a risk, shows data
Updated On : 09 Mar 2021 | 6:10 AM IST

Sebi proposes stricter rules on independent directors of listed firms

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.

Sebi proposes stricter rules on independent directors of listed firms
Updated On : 01 Mar 2021 | 8:25 PM IST

Indian corporate boards not really independent: Local Circles survey

Many independent directors are not really independent and that a majority of independent directors in publicly traded Indian firms

Indian corporate boards not really independent: Local Circles survey
Updated On : 23 Dec 2020 | 10:19 PM IST

Piramal Enterprises appoints Anjali Bansal as independent director

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 appoints Anjali Bansal as independent director
Updated On : 20 Nov 2020 | 9:07 PM IST

Piramal Enterprises appoints two independent directors to its board

Piramal Enterprises said it has appointed Snapdeal CEO Kunal Bahl and Economic Law Practice Managing Partner Suhail Nathani as independent directors to its board.

Piramal Enterprises appoints two independent directors to its board
Updated On : 15 Oct 2020 | 1:00 PM IST

RBI proposes upper age limit of 70 yrs for bank CEOs, whole-time directors

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

RBI proposes upper age limit of 70 yrs for bank CEOs, whole-time directors
Updated On : 12 Jun 2020 | 5:38 PM IST

CBIC settles controversy over imposition of GST on directors' income

These remunerations would be treated as fees for professional or technical services

CBIC settles controversy over imposition of GST on directors' income
Updated On : 11 Jun 2020 | 2:11 AM IST

Conflicting rulings at state level fuel call for setting up centralised AAR

Centralised AAR was, in fact, already approved by GST Council and Cabinet over a year ago

Conflicting rulings at state level fuel call for setting up centralised AAR
Updated On : 10 Jun 2020 | 2:35 PM IST

Lights, camera, action? Not before working on guidelines, say filmmakers

T Series head Bhushan Kumar said they will resume work only when they are sure about the security of the cast and crew

Lights, camera, action? Not before working on guidelines, say filmmakers
Updated On : 05 Jun 2020 | 4:22 PM IST

When firm delists amid Covid-19: Independent directors face testing times

Regulator must empower them to protect interests of minority shareholders, say experts

When firm delists amid Covid-19: Independent directors face testing times
Updated On : 24 May 2020 | 11:33 PM IST

Independent directors: Underpaid & unappreciated

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

Independent directors: Underpaid & unappreciated
Updated On : 26 Mar 2020 | 9:52 PM IST

Letter to BS: Govt needs effective ways to assess independent directors

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.

Letter to BS: Govt needs effective ways to assess independent directors
Updated On : 10 Mar 2020 | 9:09 PM IST

Biz judgement rule and directors' liability

Directors, including independent directors, are equally liable for omissions and commissions of the company

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Updated On : 08 Mar 2020 | 11:58 PM IST

More than 1,000 individuals register with independent directors' databank

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

More than 1,000 individuals register with independent directors' databank
Updated On : 07 Jan 2020 | 2:25 AM IST

In 2019, independent directors exit in droves as tighter scrutiny bites

Experts say people are getting more and more selective about joining boards of companies, while basing their decision on several qualitative factors

In 2019, independent directors exit in droves as tighter scrutiny bites
Updated On : 25 Dec 2019 | 2:59 AM IST

Govt launches independent directors' databank, to be maintained by IICA

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

Govt launches independent directors' databank, to be maintained by IICA
Updated On : 02 Dec 2019 | 8:13 PM IST

Three Zee Entertainment directors resign, cite related-party transactions

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

Three Zee Entertainment directors resign, cite related-party transactions
Updated On : 28 Nov 2019 | 2:05 PM IST

Letter to BS: Independent directors must push corporate governance

For corporate governance to improve, the IDs need to play a meaningful role

Letter to BS: Independent directors must push corporate governance
Updated On : 14 Nov 2019 | 9:25 PM IST