“More and more of the decision-making in public corporations is in the hands of independent directors. And that’s only going to work if those independent directors have the information that they need.”[1]

The role of Independent directors in synchronising the interests of various parties and evaluating their performance can be barely be disregarded, in today’s system of corporate governance in India.

As per the Companies Act, 2013, an Independent Director is a director other than managing director, whole time director or nominee director. In the opinion of the Board, he is a person of integrity and possesses relevant expertise and experience.[2]

[1] Wayne Guay, Independent Researcher and Expert at Wharton University of Pennyslvania, Lecture on Can Independent Directors Remain Independent, http://knowledge.wharton.upenn.edu/article/how-independent-directors-bridge-the-information-gap/(Jun 16, 2015)

[2] Section 149(6) and 2(47), Companies Act, 2013

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