Majority of them believe that the roles and responsibilities of IDs, as defined by the Companies Act, are unreasonable and the expectations are onerous.
The Budget proposes to raise the 49% cap on foreign direct investment (FDI) in insurance companies to 74%, with governance and management safeguards.
At the first edition of Fortune India Boardroom, four leaders from India Inc discussed the way forward for sound corporate governance.
Properly chosen independent directors are worth their weight in gold.
