Before giving consent an Independent director has to check below facts
- Company age
- Company Business ( Products / Projects and Services )
- Company Market Positioning
- Company Competitors
- Company Customer / Assets / facilities locations
- Did the auditor provide any other Services to the company
- Internal auditor reports to which authority of company
- Any penalties for non compliances of company
- Any other legal / arbitrations claims by the company
- Study Financial statements and notes and disclosures
- Risk Management policy of the company
- The renumeration package properly put in contract
Author Sa. Venkat Ramanujan is a Certified Environment Social Framework Specialist of Word Bank Group and also Certified Independent Director of IICA, Ministry of Corporate affairs , Govt of India .,
He is Member of Institute of Directors & All India Management Academy ( AIMA ) .,
He is Founder & CEO of Trust Infosys Incorporation – Govt. of India accredited startup venture ., A distinction holder in his Post graduate MBA studies and a sustained learner for three decades in the domains of engineering & infrastructure projects , international trade & contracts , data & cloud management , environmental, social & corporate governance.,
Environmentalist ., Voracious reader., interested in cats and dogs ., love Gardening ., reuse & recycler of natural resources .,
for more details check in >> venkatramanujam.in
