Page 4 - Independent Directors

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)

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

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.

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

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 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.

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

CBIC settles controversy over imposition of GST on directors' income

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

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

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

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

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

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

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.

Biz judgement rule and directors' liability

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

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

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

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

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

Letter to BS: Independent directors must push corporate governance

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

Will screening test for independent directors improve corporate governance?

The government cannot and should not intervene in the appointment of directors in non-government companies, writes the author