Boardroom

Independent Director Program

Appointment Mandated by Company Law

MANDATORY REQUIREMENTS

  • Listed companies must di at least on third of there board comprimed of independent directors.
  • Public companies with paid-up capital of ₹10Crores or more must at least two independent directors on the board.
  • Sebi regulation requires that top 500 companies by market capitalization must have atleast 6 independent directors

Responsibilities of Independent Directors

Provide Strategic Guidance: Independent directors offer strategic and advice to the company's management.

Oversee Financial Reporting: Independent directors ensure that the company's financial reporting is accurrate, transparent and compliant with regulatory requirements.

Moitor Risk Management: independent directors oversee the company's risk management processes and ensure that adequate measures are in place to mitigate risks.

Ensure Compliance: Independent directors ensure that the company complies with all applicable laws , regulations and standards.

No Conflict of interest: Independent directors should not have any conflict of interest that could influence their decision-making.

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