The Indian Institute of Corporate Affairs under the MCA will hold the exam in December
How do laws regarding independent directors in India pan out vis-a-vis other nations?
Recent corporate scams have turned the heat on company directors, who, the government feels, failed to detect any signs of trouble
Independent directors must look for patterns in reports of disputes and business surprises
Several independent directors quit citing health reasons but continue to serve on other boards
Every recent case of corporate governance failure had developed through a trail of early signals
While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board
While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board
The exam will be an online assessment covering the basics of Indian company law, ethics, and capital market norms among other areas
With IDs reluctant to continue, the issue of their remuneration has once again come to the fore
The departure of directors from sinking ships raises more questions than answers
The IDs have no clue about the working of the company, they never visit the factories, they never raise questions
An independent director usually does not act as a whistle blower, because there is practically no protection to whistle blowers
The ministry said some urgent amendments are not there in the ordinance but are required for strengthening the corporate governance
In recent months, there has been increased scrutiny of the monitoring abilities of independent directors, especially in companies hit by fraud or financial mismanagement
This analysis looks at the top independent directors and their remunerations in 2017-18, which include sitting fees and commissions
Govt is also working to ensure that individuals have a certain basic qualification to be eligible for independent directorship
Central bank to brief boards on governance standards; may tighten fit-and-proper criterion
It is recommended that fee should be capped at 20% of gross annual income
The NCLAT, in its recent order, upheld the plea by the Ministry of Corporate Affairs to freeze personal assets of independent directors associated with companies being investigated in the PNB scam.