Over 100 firms flout norms on directors There seem to be quite a few empty chairs in the boardrooms of India Inc. Both the Securities and Exchange Board of India’s (Sebi’s) listing regulations and the Companies Act of 2013 mandate that a certain proportion of a company’s board be composed of independent directors.
The presence of such directors is said to provide better oversight and help improve governance. Read more Internal accruals to fund $8-bn expansion: Vedanta Vedanta’s proposed $8-billion (Rs 560-billion) investment in various verticals will ...
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