Letter to BS: What were the independent directors of IL&FS board doing?

Some independent directors are very knowledgeable as they had held important positions in commercial firms

This refers to “Furniture in the board room” by Shyamal Majumdar (October 5). It is the most appropriate description. I have been an independent director after my retirement, for 11 years, in the corporate boards both as nominee of banks as well as in the capacity of knowing the persons at the helm of affairs. While I have found some retired officers mostly from the Indian Administrative Services who had at some stage favoured the company; there are others who are managing directors (MD) of other companies and therefore are friends of the chairman or managing director of the present