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ROLE AND IMPORTANCE OF INDEPENDENT DIRECTORS: CURRENT SCENARIO UNDER COMPANIES ACT, 2013


By Karan Bansal, Symbiosis Law School, Pune

&

Gauri Sharma Symbiosis Law School, Hyderabad




ABSTRACT:


The Concept of Independent Directors developed as an instrument to continue encouragement and security of Corporate Governance. Nearness of an outer and autonomous expert to screen and oversee the outside and inner working of a Company is viewed as a need as Large Companies are never again insignificant Private Organizations, and they influence a few people straightforwardly and by implication, as well as economies of Countries over the globe. Their essence is worldwide and can’t be denied. The event of overall embarrassments including Companies, for example, Satyam Computer Services, WorldCom, Qwest, and Andersen, which prompted misfortunes being borne by a few investors, at the expense of individual gain of best dimension administrative and official workforce plainly demonstrate that the requirement for further advancement of the Concept of Independent Directors is grave. Thus, the authors shall discuss the provisions associated with independent director under the Companies Act, 2013 to highlight its importance.



Key Words: Corporate Governance, Company, Executive Personnel, Independent Directors, Top Level Managerial.




 



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Journal Details
Abbreviation: NLR 

ISSN:   2582-8479 (O)

Year of Starting: 2020

Place: New Delhi, India

Accessibility: Open Access

Peer Reviewer: Double Blind

Licensing:

 

​All research articles published in NLR and are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution, and reproduction in any medium provided the original work is properly cited.

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