Business Standard

Monday, December 23, 2024 | 08:37 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Spirit of independence

Damodaran said a large number of independent directors belong to the category of dependent directors

Image
Premium

Business Standard
Former Securities Exchange Board of India (Sebi) Chairman M Damodaran had an interesting take on how to infuse a spirit of independence among independent directors in companies. While delivering the 7th Subir Raha Memorial Lecture in New Delhi, Damodaran cited an earlier instance when he was asked to comment on the issue of an independent spirit. “I told the person (asking the question) to put them on the board of United Spirits,” he said. United Spirits was owned by Vijay Mallya before it was taken over by Diageo in 2014 following his loan defaulting troubles. Damodaran said a large number

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in