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Companies to have at least one woman, 2 independent directors

Last Updated: Friday, March 28, 2014, 16:09

Most companies now need to have at least one woman and two independent directors, while the listed entities will be required to have a director to represent the interests of small shareholders if they demand.

Govt to soon unveil independent directors database proposal

Last Updated: Wednesday, December 11, 2013, 19:52

The Corporate Affairs Ministry will soon come out with the proposal for establishing a database of independent directors, as a part of efforts to improve overall corporate governance.

CIL board to soon have 3 more independent directors

Last Updated: Sunday, November 17, 2013, 12:41

The government is likely to soon appoint three more independent directors on the board of the world's largest coal producer, Coal India Ltd (CIL).

Govt introduces norms for independent directors on CPSE boards

Last Updated: Tuesday, January 01, 2013, 17:42

The government has come out with a set of guidelines for independent directors on boards of PSUs, defining their roles and responsibilities aimed at improving corporate governance in state-owned companies.

Govt proposing norms for independent directors at CPSEs

Last Updated: Tuesday, September 25, 2012, 18:09

At present, there are no such guidelines for non-official directors who are being appointed on boards of Central Public Sector Enterprises (CPSEs).

Law should draw line between IDs and EDs: E&Y report

Last Updated: Monday, August 27, 2012, 15:45

According to the report, the Companies Act, 1956 does not make distinction between the accountability of independent directors and executive directors.

Independent directors to be made more accountable: Govt

Last Updated: Monday, December 19, 2011, 18:28

Many of the changes, he added, have been incorporated in the Companies Bill, 2011, which is awaiting the Parliament approval.

Nominees should not be considered independent directors: ICSI

Last Updated: Thursday, December 10, 2009, 00:28

The Institute of Company Secretaries has said that representatives of financial institutions on the board of a company should not be considered as "independent directors".