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Duties of the Independent Directors

Duties of the Independent Directors

by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ, Corporate Governance

The term “Independent Director” has been defined in the Act, along with few new necessities identifying new prerequisites relating to their appointment, duties, role, and responsibilities. The provisions relating to the appointment of Independent Directors are...
Professional conduct for Independent  Directors

Professional conduct for Independent  Directors

by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ, Corporate Governance

Professional conduct The independent director according to the part I of the schedule IV must:- Sustain ethical standards. To be impartial while discharging his duties. Perform his responsibilities in the interest of the company. Allocate the necessary time...
Code of Conduct for Independent Directors

Code of Conduct for Independent Directors

by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ, Corporate Governance

The standards and professional conduct that is expected by the directors have been laid down under Schedule IV of the Companies Act,2013.  Venkat Ramanujam Sankar RamAuthor Sa. Venkat Ramanujan is  a Certified Environment Social Framework Specialist  of Word Bank...
Code of Conduct for Independent Directors

Evaluation of the performance of an Independent Director

by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ, Corporate Governance

Part VIII of the Code for Independent Directors provides that based on the performance evaluation report term of an independent director may be extended or he may be reappointed. The performance evaluation of the independent director is to be conducted by the entire...
Separate board meeting by Independent Directors

Separate board meeting by Independent Directors

by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ, Corporate Governance

The independent directors of the company shall hold an exclusive meeting at least once in the financial year. The meeting shall be without the non-independent directors. All the independent directors of the companies must be present at such meetings. The agenda of the...
Selection Process of Independent Directors

Selection Process of Independent Directors

by Venkat Ramanujam Sankar Ram | Sep 9, 2023 | FAQ, Corporate Governance

Qualifications  Independent directors are directors of a company.  Independent directors are subject to the same general requirements and disqualifications as any other director.  The 2013 Act specifies specific qualification standards for independent...
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