Revised Regulatory Framework for IDs of listed entities in India – Independence becomes stricter!

The concept of independent directors was first introduced in the Desirable Corporate Governance Code issued by the Confederation of Indian Industry[ http://www.nfcg.in/UserFiles/ciicode.pdf] followed by the recommendation in the Corporate Governance Committee constituted by SEBI and headed by Mr. Kumar Mangalam Birla[ http://www.nfcg.in/UserFiles/kumarmbirla1999.pdf] (Kumar Mangalam Birla Committee).The concept of independent directors was first introduced in the Desirable Corporate Governance Code issued by the Confederation of Indian Industry[ http://www.nfcg.in/UserFiles/ciicode.pdf] followed by the recommendation in the Corporate Governance Committee constituted by SEBI and headed by Mr. Kumar Mangalam Birla[ http://www.nfcg.in/UserFiles/kumarmbirla1999.pdf] (Kumar Mangalam Birla Committee).taxmann.com Latest ArticlesRead More

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