Letters: 'Dependent' directors

Understanding a company, its environment and its practices cannot and is not a part-time business

With reference to “What ails independent directors” (December 25), in an otherwise succinct article, the elephant in the room does not get discussed though an inkling is noticeable when the talk is about increased remuneration. My experience suggests none of the “independent” directors can or has in-depth knowledge of the company they are on the board of, since the flow of activities varies substantially across firms even within the same business environment. Neither are they able to determine who controls which sector of the firm and how those relationships play out. In Indian companies, sales, purchase and finance are areas