Commitment to the board
- Cater to the Time and energy the board demands
- Quarterly based commitment required by the effective Independent Director and chairman as Committee member and other member in committee
- Add value to the board & work out evolution of board performance on half yearly basics
- Equip himself / herself the knowledge that the board expect
- Can offset management flaws, ensure legal and ethical behaviour, strengthen accounting controls, and increase the company’s popularity through their contacts and expertise.
- Contribute to long-term decision-making and assist with succession planning through membership in the nomination committee, ultimately helping the company to survive, grow, and prosper over time.
- Primary duties and responsibilities of independent directors are outlined in Schedule IV of the Companies Act, 2013.
The code emphasises significant functions such as protecting the interests of all stakeholders, including minority holders, balancing conflicting interests, evaluating management performance, mediating between management and shareholder conflicts, and more. Independent directors are also expected to attend company general meetings and stay informed about company matters.
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
