Question

Write a note on Independent Director.​

Answer 1

Explanation:

As per clause 49 of the listening agreement, an independent director is a non-executive director who does not have any pecuniary relationship with the company, its promoters, senior management or affiliate companies, is not related to promoters or the senior management, and/or has not been an executive with the company ...

Answer 2

An independent director of a board of directors  does not have a pecuniary/material relationship with the organisation/company/related persons,  but for sitting fees.

Explanation:

• An independent director lso known as the non-executive director of a company assists the organisation/company in improving the governance standards and corporate credibility. He/she does not have any "kind of relationship" with the company which can impact the independence of his/ her judgment.
• That is, an independent director does not have any "pecuniary relationship" with the organisation/company, its senior management, promoters, its affiliate companies, nor is related to the senior management/promoters, and/or has not been  executive with the organisation/company in the 3 preceding financial years.

To know more

D Purandeswari was appointed an independent director of this ...

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