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What is the purpose of appointment of Independent Directors under the Companies Act, 2013?

Independent directors bring an objective view to the board’s decisions and evaluate board and management performance. They must also safeguard stakeholder interests,…

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What is the purpose of appointment of Independent Directors under the Companies Act, 2013?

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Independent directors bring an objective view to the board’s decisions and evaluate board and management performance. They must also safeguard stakeholder interests, particularly those of minority shareholders. Both oversight and minority protection are therefore part of their role under Schedule IV.

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