Letter: For accountability

While I agree with the suggestions of Kavil Ramchandran and Sougata Ray in their article, “Agents of change” (May 3), on the steps that need to be taken in the future, at least three more are needed. They would add more teeth to corporate governance. These are:
 

• Don’t expect non-executive directors to add to corporate governance. They are dependent on the company. An independent director must assume responsibility more out of prestige than remuneration. There must be a cap on the independent director’s remuneration, so that they quit the board in case the chairman ignores their view. 
• Each independent director must