CII issued Guidelines for Independent Directors Appointment
On Monday, India Inc. was asked by the Confederation of Indian Industry (CII) to clearly delineate the post of Independent Directors and allow them to serve for a maximum of ten years, emphasising the crucial role the Independent Directors play in ethical decision-making, accountability, and the lon
Bajaj Consumer Care Appoints Jagdish Acharya, Anupam Dutta, and K.S. Narayanan as Independent Directors
The Board of Directors of Bajaj Consumer Care Limited has approved the appointments of Jagdish Acharya, Anupam Dutta, and K.S. Narayanan as Additional Directors designated as Independent Directors for a term of five years, with effect from February 5, 2024.
Timex group India Appoints Independent Directors
The Board of Directors of Timex Group India Limited has approved the appointment of Meeta Makhan as an Additional Director, designation as Independent Director, with effect from February 1, 2024, for a term of 5 years.
United Spirits Appoints Indu Bhushan and Mukesh Butani as Independent Directors
The Board of Directors of United Spirits Limited has approved the appointments of Indu Bhushan and Mukesh Hari Butani as additional Directors (Non-Executive Independent Directors) with effect from March 1, 2024.
Birlasoft’s Independent Directors Ashok Barat and Nandita Gurjar Retired
Ashok Kumar Barat and Nandita Gurjar, Independent Directors of Birlasoft Limited, are completing their terms on January 14, 2024.
New Independent Directors Appointed By Zeel
Venkata Ramana Murthy Pinisetti, Shishir Babubhai Desai and Uttam Prakash Agarwal have been appointed as Independent Directors of Zee Entertainment Enterprises Ltd. (ZEEL) with effect from December 17, 2023.
A surge in compensation for Independent Directors, with 151 joining the crore club
In FY23, India's 10 highest-paid independent Directors, four of them women, earned anywhere between Rs 3.21 crore and Rs 6.74 crore, while the number of Independent Directors earning more than Rs 1 crore increased from 67 in FY18 to 151 in FY23.
Birla Corporation Appoints Independent Directors and Extends the CFO’s Term
Birla Corporation has appointed Anup Singh, Chitkala Zutshi, Rajni Sekhri Sibal, and Dr. Rajeev Malhotra as Non-Executive, Independent Directors of the company for a term of five years.
IiAS advises independent Directors to investigate accusations against Raymond’s promoters
A proxy advisory firm has recommended that the Independent Directors of Raymond Limited investigate the accusations against Chairman and Managing Director (CMD) Gautam Singhania, raised by his estranged wife Nawaz Modi.
Independent Directors’ Compensation doubled in last five years
Compensation for Independent Directors at India's leading blue-chip companies has significantly increased as their roles become more challenging due to growing business complexities, heightened stakeholder scrutiny, and stricter regulatory requirements.
