 "board of director")
Following the end of the grandfathering period given to India Inc to replace their independent directors who had already served for 10 years, certain companies have come up with unique ways to replace the old guard.
An analysis conducted by Institutional Investor Advisory Services (IiAS), a corporate governance and proxy advisory firm, shows independent directors who have completed over 10 years in one company are joining boards of another company of the same group, or they are being replaced by their sons or other family members.
Some independent directors are being replaced by ex-employees of the company or with executives
