COVID-19 is likely to materially impact the financial position and statutory compliances of many companies in India. It is therefore important for directors, whether executive, non-executive or independent directors and the managementRead More…
The scope of a director’s duties and personal liability (civil and criminal) towards the company, shareholders and third parties have been uniformly distributed between all directors including Independent Directors under various statutes.Read More…
As per NSE, NIFTY 500 companies saw 316 exits by Independent Directors in FY19, 31.7% more than the previous year’s tally of 240. These numbers simply point to the fact that cloudsRead More…
On paper, the laws for independent directors in India are as rigid as anywhere else in the world. The issue is how well are they implemented. People do not generally understand theRead More…
The Independent Directors’ fraternity in India has taken a centre stage in public discourse with respect to their remuneration. Impeded by uncertainties such as: what exactly is the incentive to work forRead More…
The protection of interests of minority shareholders depends upon how independent the ‘Independent Directors’ can act when such a situation arises. In part, that will also depend on how ‘Independence’ is elucidatedRead More…