Скачать или смотреть An Insight Into Independent Directors

Welcome to our definitive webinar: An Insight Into Independent Directors! 🛡️💼

In the modern corporate landscape, Independent Directors are the linchpins of good governance. Their impartial oversight, strategic counsel, and fiduciary duty to all stakeholders—especially minority shareholders—are crucial for a company's credibility and long-term sustainability.

This session will provide you with a comprehensive understanding of the role, responsibilities, and legal framework governing Independent Directors in India, as per the Companies Act, 2013, and SEBI regulations. We will navigate the complexities and highlight the critical function they serve in a robust corporate governance structure.

Key Discussion Points
Who is an Independent Director? Defining the concept and their key attributes, including their non-executive status and lack of any material relationship with the company or its management.

Legal Framework & Applicability: A deep dive into the legal provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandate their appointment for specific classes of companies. We will also discuss the recent expansion of these regulations to cover High Value Debt Listed Entities and stricter rules for listed entities on the SME Exchange.

Qualifications & Criteria for Independence: A detailed breakdown of the eligibility conditions, including integrity, expertise, absence of pecuniary relationships, and the mandatory Independent Directors' Databank registration and proficiency test.

Crucial Roles & Responsibilities: We will explore their core functions, such as acting as a "watchdog," bringing objectivity to board discussions, and overseeing the performance of the management and the board.

Board Committee Functions: Understanding their pivotal role as members and chairpersons of key committees like the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Tenure, Reappointment & Evaluation: Clarifying the term limits of two consecutive terms of five years, the process of reappointment via a special resolution, and the mandatory performance evaluation process. We will also cover the requirement for a "majority of minority" shareholders' vote for certain appointments and reappointments.

Liabilities & Protections: A critical analysis of the liability provisions under the law. We will explain how an Independent Director's liability is limited to acts of omission or commission that occur with their knowledge or connivance, or due to a lack of due diligence.

Who Should Watch
Current and aspiring Independent Directors.
Company Secretaries and Compliance Officers.
CFOs and Senior Management.
Legal Professionals and Corporate Consultants.
Promoters and Shareholders seeking to understand the governance framework.

Key Takeaways
Gain a clear understanding of the legal and regulatory landscape for Independent Directors.

Learn about their powers, duties, and the protections available to them under the law.

Equip yourself to navigate the appointment process and adhere to compliance requirements.

Appreciate the crucial role of Independent Directors in building a transparent and credible organization.

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