Income Of Independent Directors

The median compensation for independent directors at Nifty-50 companies increased by 106 per cent, reaching Rs 87.4 lakh in FY24, up from Rs 42.3 lakh in FY19

Industry experts said many companies have already onboarded new independent directors or are in the process of doing so

IDs are responsible for both legal and regulatory obligations. They can raise red flags and register their disagreement on board matters

Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC. In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta and Narendra Kumar as independent directors of the company with effect from Thursday. The appointments are subject to the approval of the shareholders, it stated. Rajib K Mishra, Chairman & Managing Director, PTC India, said: "We are delighted to welcome the three new independent directors having credible experience and impeccable career record." Rashmi Verma, a former IAS officer from 1982 batch, has 36 years of experience in various sectors, including tourism and textiles. In over 37 years of experience, Dasgupta, a 1981-batch retired IAS officer, has served as chief adviser to Bihar State Planning Board and ambassador to the World Trade ...

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

According to the National Stock Exchange database, there are over 5,500 individuals who hold 7,066 posts of independent directors.

The panel recommended the cap to ensure that excess pecuniary rewards do not compromise the independence of such directors