The CEOs in India are actively involved in recruiting outsiders as independent directors. Hence, if an independent director's vintage is shorter than that of CEO in the company that may also sometimes dilute their independence. The true independence of directors lies in their ability to make strategic decisions that are independent of their management.
from Economic Times https://ift.tt/iPv8OXt
from Economic Times https://ift.tt/iPv8OXt
Midcap cos: An independent board will be rewarded by market
![Midcap cos: An independent board will be rewarded by market]()
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March 08, 2024
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