This article on how to register in an independent director databank is written by Ashutosh. In this article, the author has discussed in detail the steps to register in an independent director databank and all other necessary requirements that an independent director needs to comply with in order to successfully register in the independent director databank. In this very article, the author has also covered some additional information related to independent directors such as challenges faced by them, eligibility criteria to register in a databank, renewal of registration, etc.
Introduction
Independent directors play an extremely crucial role in the management of a company. They are the special members of a company’s board who are not related to the daily operations of a company. They bring a lot of valuable skills and knowledge into the company with their experiences. They help the company in making unbiased and fair decisions on all the big issues that affect the company. Independent directors are required to act as a custodian of good governance by performing advisory as well as monitoring roles with full efficiency. They are also required to act in the interest of the company and make all the decisions that are for the benefit of the company.
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