According to the voluntary guidelines issued by the Ministry of Corporate Affairs, the maximum number of public companies in which an individual may serve as an independent director should be restricted to seven. It needs to be examined whether to restrict the number of independent directorships.In Sebi may make independent director post unattractive
It's a new factor on the playing board for public companies.In CEOs are Opening Their Boardrooms to Hedge Fund 'White Squires' to Keep Other Activists Out
That such an elite group has backed a broad governance framework makes clear that corporate governance has entered the mainstream and should be a focus for all public companies.In Some of Largest Names in Finance Sign on to New Principles for Corporate Governance