Get to Board: The Role of Board Search Firms
A large chunk of Independent Directors’ appointments continue thru personal contacts of promoters and NRC members partly for their personal comfort and also to avoid any search firm fee, particularly for smaller companies. While Nifty 100 and MNCs often avail the services of search firms, it is th
Get to Board: Need to Register on Databanks
India is the only country having a provision for databank for independent directors as per the new companies act 2013. Section 150 of the Companies Act, 2013 provides that “an independent director can be selected from a data bank maintained by any-body, institute, or association, as may be notifie
