Independent Directors Current Affairs, GK & News
Independent directors are directors who apart from receiving director’s remuneration do not have any other material pecuniary relationship or transactions with the company, its promoters, its management or its subsidiaries, which in the judgement of the board may affect their independence of judgement.
Security and Exchange Board of India (SEBI) has cleared amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 while reviewing regulatory provisions related to independent directors. Highlights To boost corporate governance between listed companies, SEBI approved amendments to rules that govern appointment, re-appointment and removal of independent directors. It also amended the rules that ..
Month: Current Affairs - June, 2021
Category: Economy & Banking Current Affairs
Uday Kotak Committee on Corporate Governance was set up in June, 2017 by SEBI to suggest measures on enhancing the standards of governance of listed companies in India. This committee also had members from government, industry, professional bodies, stock exchanges, academics, lawyers etc. Some of the important areas on which the committee was asked to ..