Page 2 - Independent Directors

ReNew makes strategic appointments to its independent board of directors

The appointment of Paula Gold-Williams, Nicoletta Giadrossi, and Philip Graham New as non-executive independent directors aims to increase gender diversity of the independent board

Corporate family feuds and the critical role of independent directors

IDs can play a vital role during family disputes by promoting corporate governance, ethical conduct, ensuring strict compliance and controls, and resolving conflicts fairly and equitably

Dish TV minority shareholders seek EGM, removal of 2 independent directors

A group of minority shareholders of Dish TV has sent a notice to call an Extraordinary General meeting (EGM) of the direct-to-home service provider, raising concerns over corporate governance issues, seeking reconstitution of the board and removal of two independent directors questioning their independence. The notice sent by 77 shareholders of Dish TV, representing 10.15 per cent shareholding, proposed to nominate K Badri Narayanan, Satis Kumar Yanmandra, Jeet Sen Gupta as independent directors on the board of the Essel Group firm. Besides, it has also sought the removal of two independent directors -- Shankar Aggarwal and Rashmi Aggarwal -- from the board of the company. "The existing independent directors have a long-term association with Dish TV and Essel group which cast doubt over their independence," the shareholders wrote in the notice. Dish TV is embroiled in a tussle between its largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawa

India Inc registers surge in independent directors quitting their jobs

IDs are responsible for both legal and regulatory obligations. They can raise red flags and register their disagreement on board matters

PTC India appoints 3 former IAS officers as independent directors

Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC. In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta and Narendra Kumar as independent directors of the company with effect from Thursday. The appointments are subject to the approval of the shareholders, it stated. Rajib K Mishra, Chairman & Managing Director, PTC India, said: "We are delighted to welcome the three new independent directors having credible experience and impeccable career record." Rashmi Verma, a former IAS officer from 1982 batch, has 36 years of experience in various sectors, including tourism and textiles. In over 37 years of experience, Dasgupta, a 1981-batch retired IAS officer, has served as chief adviser to Bihar State Planning Board and ambassador to the World Trade ...

IPO-bound Swiggy names Delhivery chief, two others as independent directors

New appointments will strengthening governance, says food delivery platform

Dish TV appoints ex-bureaucrat Lalit Behari Singhal as independent director

Earlier this month, Dish TV had announced the appointment of three new independent directors to the company's board

82% listed CPSEs don't have mandated independent directors: CAG report

Independent directors ensure integrity of financial information, report unethical behaviour

Tata Power gets shareholder nod to appoint Mehrishi as independent director

Tata Power has received shareholders approval to appoint former Union home secretary Rajiv Mehrishi as an independent director on its board. The special resolution for the appointment of Mehrishi as an independent director was passed with requisite majority, according to a regulatory filing on Tuesday. Mehrishi is a retired Indian Administrative Service (IAS) officer of the 1978 batch belonging to the Rajasthan cadre and has a wide experience of over 42 years. He has served in various key posts in Union and Rajasthan governments. Among other positions, he has served as Union home secretary, was also the 13th Comptroller and Auditor General of India (C&AG). In 2022, he was awarded the Padma Bhushan.

New issue pricing onus may put independent directors in a spot: Experts

Experts feel Sebi diktat may deter those with non-financial background from joining boards

Effective directors display the art of healthy scepticism

Independent directors add value to a company not only through their explicit knowledge and cognitive skills, but also through their experiential intuition and heuristic skills

Former RBI deputy governor Kanungo, Kaushik Dutta join BharatPe board

Fintech unicorn BharatPe has appointed former RBI deputy governor B P Kanungo and TARI founder Kaushik Dutta as independent directors as it looks to strengthen governance rigour and transparency in the preparation of a listing. "Business is about to turn profitable in a few months and we are strengthening governance at the company by appointing independent directors," BharatPe CEO Suhail Sameer told PTI. The firm, which currently has nine directors on its board, is looking to have at least one-third of directors as independent directors, he said. Besides Sameer, co-founder Shashvat Nakrani is on the board as executive director. Investors have four nominees. The board is chaired by former SBI chairman Rajnish Kumar. BharatPe, he said, would look to go public in the next 2-3 years' time. "Post-2024 (general) elections should be a good period," he said. While Kanungo recently retired as Deputy Governor of the Reserve Bank of India, Dutta currently is the chairman and independent dire

Retired SBI senior executive Natarajan Sundar joins NARCL as MD CEO

Karnam Sekar, Malvika Sinha named independent directors; NARCL Board now has 5 nominees from shareholder banks, one more independent director likely to join soon

Future Lifestyle Fashions chairperson Shailesh Haribhakti resigns

The chairperson of Future Lifestyle Fashions Ltd, Shailesh Haribhakti, has resigned observing that 'board's recommendation to find solutions have not been met with implementation impetus'

Two independent directors of debt-ridden Future Enterprises resign

All 19 companies would be consolidated into one entity -- FEL -- and then transferred to RRVL

Samara Capital ready to invest Rs 7K crore in Future Retail: Amazon

FRL had set conditions to accept Amazon's proposal in a letter sent to the US e-commerce firm dated January 21

Three independent directors of PTC India Financial Services resign

On January 10, the company secretary informed that Rantesh has re-joined NTPC

Ashu Suyash to join Kotak Mahindra Bank's board as an independent director

Suyash's appointment, for five years, will be effective from Jan 24, 2022

Susan Arnold: After 98 years, Walt Disney gets first woman chair

Arnold, 67, has been the lead independent director since 2018 and has served on Disney's board since 2007

Dentist, CAs among five independent directors appointed by Bharat Petroleum

They have been inducted on to the company's board effective November 12, will hold office for three years