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 meeting shall be as follows:

  • Reviewing the performance of the board, of the non-independent directors, and the chairperson of the company.
  • Assessing the structure and the flow of information between the board and the company management is required for the efficient and effective functioning of the board.