Oct 13, 2021 09:42 AM IST
Professionals would prefer to take on an advisory role in smaller companies where they do not run the risks associated with the position of an Independent Director
- Sep 22, 2021 11:22 AM IST
The lawmakers keep tinkering with the subject of independent directors, adding a requirement once, giving a relaxation next, and ending up creating confusion and unanswered questions
- Jun 30, 2021 03:27 PM IST
How independent are independent directors? SEBI’s fresh rules for the appointment of independent directors, who form the fulcrum of governance framework in any corporate setup, will be watched with keen interest.
- Jun 29, 2021 06:15 PM IST
Amendments to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) pertaining to regulatory provisions related to Independent Directors approved; no clearance for amendments to the Stock Exchange and Clearing Corporation regulations yet.
- Mar 04, 2021 09:29 AM IST
Independent directors are seen as a pillar that balances interests of all stakeholders with a primary emphasis on that of minority shareholders vis-à-vis promoters
- Mar 02, 2021 01:36 PM IST
SEBI’s proposal is open for public consultation till April 1
- Jun 18, 2020 09:02 AM IST
Adding a layer of tenure-based caps will not incrementally strengthen governance standards for Indian banks. Instead, RBI already has powers for approving CEO reappointments. It must use these.
- Nov 26, 2019 10:47 AM IST
The proficiency self-assessment test instituted by the MCA is unlikely to provide any meaningful solution to board strengthening. There is no denying that boards in India need training but understanding technical subjects will not help directors in taking the right decision.
- Nov 01, 2019 09:10 AM IST
The cardinal reality is that independent directors in India are not truly independent. More than a test of the job knowledge, boards should have independent directors who are socially responsible.
- Dec 03, 2018 01:02 PM IST
The stated reasons for independent directors exiting boards are mostly the inability to commit quality time to the affairs of the company. Was so much time needed to come to the conclusion of the inability to commit quality time?
- Nov 06, 2018 11:44 AM IST
Independent directors are being looked upon as the opposition party in the boardroom. Should that perception prevail, every management proposal would face significant resistance in the boardroom
- Jan 05, 2017 09:04 PM IST
To provide more clarity for stakeholders, Sebi today came out with a detailed guidance note for evaluation of boards of listed companies including the role of independent directors.
- Dec 15, 2016 08:44 AM IST
As Cyrus Mistry looked to drum up support to oppose his removal from Tata Group companies, Tata Sons had sought legal opinion on the right and obligations of independent directors of its arms Indian Hotels and Tata Chemicals, Mint reported Thursday.
- Nov 15, 2016 07:32 AM IST
In a setback to Cyrus Mistry, independent directors of Tata Motors on Monday did not offer unanimous support to his leadership and instead backed all decisions taken by the company, including on small car Nano, which have been criticised by the ousted chairman of Tata Sons.
- Nov 03, 2016 09:00 AM IST
Sources tell CNBC-TV18 that independent directors of Tata Sons are likely to meet ahead of the November 14 scheduled meeting. They will be discussing the manner in which the Cyrus Mistry affair was handled. It is learnt these directors will also be bringing these concerns to the board.
- Jul 09, 2016 01:14 PM IST
State-owned Rashtriya Chemicals and Fertilizers (RCF) on July 9 announced appointment of three independent directors on its board
- Sep 10, 2014 11:20 AM IST
According to a media report, three independent board members at USL (which has launched an inquiry into its accounting practices) are leaving, putting more pressure on the company‘s majority shareholder Diageo Plc to quickly improve corporate governance at India‘ largest liquor company.
- Aug 31, 2014 07:12 PM IST
DLF's rental income from commercial properties, including offices and shopping malls, was Rs 1,950 crore last fiscal. It is targeting 8 per cent growth in the rental business this fiscal to Rs 2,100 crore.
- Feb 23, 2014 08:49 PM IST
Independent directors will soon have to provide "detailed reasons" for their resignations from boards of listed companies and the same would need to be made public under new norms being finalised by regulator Sebi.
- Feb 14, 2014 01:02 PM IST
Aimed at improving transparency and giving more power to minority shareholders, the new norms will come into effect from October 1.
- Feb 14, 2014 10:53 AM IST
Here is a summary of SEBI‘s corporate governance norms vis-Ã -vis the Companies Act 2013.
- Feb 13, 2014 10:30 PM IST
Market regulator Sebi has announced a new set of corporate governance norms after a board meeting in Delhi today. An independent director can now be on the board of a maximum of seven companies and only three if the person is acting as a whole time director. Sebi has announced that all companies must have a mandatory whistleblower mechanism.
- Jan 12, 2013 01:36 PM IST
Four years ago, on 7th January 2009, Ramalinga Raju, the Chairman of India‘s fourth largest IT Company Satyam confessed to having overstated the company‘s assets by over $1 billion.
- May 25, 2012 08:00 PM IST
Sebi calls for giving more power to independent directors
- Apr 20, 2012 10:13 PM IST
CNBC-TV18 reports, quoting sources, on the agenda of the standing committee of Parliament on finance which met on Friday to discuss the amendments to the Companies Bill