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INDEPENDENT DIRECTORS-  Are they really independent?
Brief History ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Role of Independent Directors ,[object Object],[object Object],[object Object],[object Object]
Independence of Directors- Meaning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Loss of Independence ,[object Object],[object Object],[object Object]
Compensation Factor Commission for Independent  Directors Vested Interest In Company Loss of  Independence Performance of Company
Independent Directors:  Mere Rubber-Stamp? ,[object Object],Independent Director appointed and paid at promoter’s discretion Independent Directors biased towards executive management and carry out passive role
The Road Ahead: Post Satyam Fiasco ,[object Object],[object Object],[object Object],[object Object],[object Object]
Corporate Governance: Case of Letter over Spirit of Law? ,[object Object]
Conclusion ,[object Object],[object Object]
THANK YOU MRINALI KAUL III BSL.LLB, ILS Law College, Pune [email_address]

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Independent Directors

Editor's Notes

  1. Mention clause 49, listing agreement at the end as current scenario
  2. Corporate governance can not stop frauds. Satyam got the Golden Peacock award for their corporate governance. I don't think the independent directors or the board can stop a fraud