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The Independent Directors Databank is an initiative of the Ministry of Corporate Affairs for the capacity building of the existing Independent Directors, in order to inculcate the high standards of corporate governance in India.
May 26, 2021 · An independent director is a non-executive director of a company who meets the criteria of being independent as prescribed under Companies Act, 2013. Independent Directors functions as an oversight body in monitoring the performance and should raise flag whenever suspicious occurs.
Definition. Section 149 (6) An independent director in relation to a company, means a director other than a managing director or a whole-time director or a nominee director,— 4[(a) who, in the opinion of the Board, is a person of integrity and possesses relevant expertise and experience;]
KPMG in India has designed the Independent Director Certification Programme that will help participants gain knowledge on all aspects of board membership and prepare them to effectively carry out their roles and responsibilities as independent director.
An independent director is a non-executive director of a company who helps the company in improving corporate credibility and governance standards. The independent director should not be a managing director, a whole-time director or a nominee director.
Mar 4, 2024 · Learn how Independent Director is appointed and what are their Qualification, online only at IndiaFilings. Get the list of qualities, objectives and information on how to become or appoint an Independent Director in India as per Companies Act 2013.
An independent director is a member of the board of directors who (1) does not have a material relationship with the company, (2) is not part of the company’s executive team, and (3) is not involved with the day-to-day operations of the company.
