SEBI’s New Directive on Independent Directors

In February 2024, Securities and Exchange Board of India (SEBI) issued a directive requiring all hashtag#independentdirectors (IDs) who wish to resign citing ‘personal reasons’ to explain their continued presence on the boards of other companies. This is a...

Perils of being an Independent Director?

What’s happening to Independent Directors (IDs) has been succinctly explained by Keki Mistry, Former VC & Executive Officer of HDFC Limited, in Board Stewardship. Overarching compliance measures are deterring well-qualified IDs from taking up board positions. What...