Question

Role of independent directors in corporate governance in india

Answer 1

Independent directors and corporate governance: The need for the independent directors can be established by the fact that they are expected to be independent from the management and act as the trustees of shareholders. ... The importance of the roleof an Independent Director is of great significance.

Answer 2

Independent directors act as a guide to the company. Their roles broadly include improving corporate credibility and governance standards functioning as a watchdog, and playing a vital role in risk management. Independent directors play an active role in various committees set up by company to ensure good governance.