Independent Directors

IL&FS crisis: How did the auditors, rating agencies remain silent spectators even as the ship was sinking

It is the auditor whose role always comes into question when a scam or mismanagement unfolds like it has happened with IL&FS

In a move to bolster corporate governance, govt plans exams for individuals looking to become independent directors

At a time when the government is making efforts to make its role minimal in the affairs of corporates, the role of independent directors is more vital.

IDBI Bank loan fraud: Two independent directors quit after CBI files FIR in connection with Rs 600 cr scam

Two independent directors Ninad Karpe and S Ravi have resigned from the board of state-owned IDBI Bank days after CBI filed FIR in connection with Rs 600 crore loan given by the bank to former Aircel promoter C Sivasankaran, his son and companies controlled by him

Sebi chief Ajay Tyagi flags concerns over corporate governance practices

Sebi chief said that in many cases, independent directors are appointed and removed at whims and fancies of promoters of companies

Tata-Mistry spat shows independent company directors vulnerable in India

Such corporate infighting is not rampant in India, but the latest events could set a dangerous precedent, suggesting an urgent need to relook at the role of independent company directors in the country, experts say

Tata-Mistry tussle: Will Bombay House use mere legalities to oust Nusli Wadia?

Section 284 enables the shareholders to assert themselves against the directors, if need be, and makes it clear that ultimate control is in the hands of the members of the company

Ratan Tata-Cyrus Mistry spat: Independent directors hold the key as battle escalates

Tatas now plan to call an Extraordinary General Meeting (EGM) of each such listed company where Mistry has not been shown the door, to oust independent directors and seek shareholder nod for removing Mistry from Chairmanship

Here's why independent directors of Tata Motors may back Mistry at board meet today

While facts in the Tata Sons’ statement cannot be disputed, it is also true that Tata Motors has begun to improve its performance from last fiscal

Tata Sons criticism of independent directors 'unfortunate', says Mistry

Stating that the independent directors whose conduct has been questioned include names like Deepak Parekh, Nusli Wadia and Nadir Godrej, among others, Mistry added that it is "truly unfortunate" that independence of "stalwarts of India Inc" is being questioned.

Cyrus Mistry imbroglio: No learning from IHCL; big failure awaits Tatas?

Communication has been a weak link for the Tatas and that seems to be hurting them all the more in the current mess