Independent Director

Independent Director News

Yes Bank independent director Uttam Agarwal quits; lender says he was under 'fit and proper' status review
Business

Yes Bank independent director Uttam Agarwal quits; lender says he was under 'fit and proper' status review

Yes Bank's independent director Uttam Prakash Agarwal has resigned citing "serious concerns" on "deteriorating practices" and the state of affairs at the private sector lender

Infosys shareholders approve reappointment of Kiran Mazumdar-Shaw as independent director
Business

Infosys shareholders approve reappointment of Kiran Mazumdar-Shaw as independent director

Shareholders of IT services company Infosys have approved the reappointment of Kiran Mazumdar-Shaw as an independent director by an overwhelming majority, but the dissent votes cast totalled almost eight percent

Another independent director of Jaypee Infratech resigns; fourth in last one week
Business

Another independent director of Jaypee Infratech resigns; fourth in last one week

Jaypee Infratech, which is facing insolvency proceedings, on Monday said that the company's independent director Sham Lal Mohan has resigned citing personal reasons

Fortis stake sale: Independent director quits ahead of board meet tomorrow citing 'personal reasons'
Business

Fortis stake sale: Independent director quits ahead of board meet tomorrow citing 'personal reasons'

The crucial stakeholders meeting to be held on 22 May to decide the fate of four independent directors -- Brian Tempest, Harpal Singh, Sabina Vaisoha and Gen Shergill.

HUL chairman Harish Manwani appointed independent director on Tata Sons Board
Business

HUL chairman Harish Manwani appointed independent director on Tata Sons Board

Harish Manwani (64), Hindustan Unilever's (HUL) long-serving non-executive Chairman, will retire in June this year

Ravi Venkatesan steps down from Infosys Board; plans to pursue an ‘exciting new opportunity’
Business

Ravi Venkatesan steps down from Infosys Board; plans to pursue an ‘exciting new opportunity’

An independent director since 2011, Ravi Venkatesan also served briefly as Infosys' co-chairman before successfully transitioning this responsibility when Nandan Nilekani became chairman in August 2017

Government says Lok Ranjan to continue on ICICI Bank Board despite transfer to personnel ministry
Business

Government says Lok Ranjan to continue on ICICI Bank Board despite transfer to personnel ministry

The Finance Ministry on Friday said senior bureaucrat Lok Ranjan will continue to serve on the board of ICICI Bank as independent director despite his transfer to the personnel ministry

Nuslia Wadia voted out as independent director of Tata Chemicals
Business

Nuslia Wadia voted out as independent director of Tata Chemicals

Out of the total of 25.48 crore shares of the company, 14.91 crore shares were voted. Out of this, 11.28 crore were in favour of the resolution to remove wadia

4 Tata firms to vote on Mistry's removal as director this week; Nusli Wadia's ouster also sought
Business

4 Tata firms to vote on Mistry's removal as director this week; Nusli Wadia's ouster also sought

All eyes will be on the outcome of voting by shareholders of Indian Hotels Co Ltd (IHCL), Tata Steel, Tata Motors and Tata Chemicals at their EGMs to be held on 20-23 December

Tata-Mistry spat: Tata Chemicals Director Bhaskar Bhat resigns
Business

Tata-Mistry spat: Tata Chemicals Director Bhaskar Bhat resigns

After independent directors "unanimously" backed Cyrus Mistry as Chairman, Tata Chemicals Director Bhaskar Bhat has resigned from the company's board saying concerns raised by him were "totally ignored".

Diageo shows Mallya who is boss at United Spirits: Raises default issue, curbs his powers
Corporate

Diageo shows Mallya who is boss at United Spirits: Raises default issue, curbs his powers

Following a reduction in its shareholding in USL, United Breweries (Holdings) Ltd, is no longer entitled to recommend an independent director

More pink slips? After IOC, govt to sack ind directors of ONGC, HPCL, MRPL
Corporate

More pink slips? After IOC, govt to sack ind directors of ONGC, HPCL, MRPL

The NDA government is reviewing all appointments made by the previous UPA regime during its last year in office and is removing the political appointees wherever possible