Tag: Independent Directors
April 8, 2020
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Corporate Law | General Corporate Advisory
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Corporate Law | General Corporate Advisory
Non-executive Directors Immune from Vicarious Liability...
Directors of a company hold a fiduciary position and are expected to manage the affairs of the company in a manner beneficial to the company’s interests. Directors’ liability arises because of their position as agents or officers or trustees of the Company as also for having fiduciary relation with the Company and its shareholders....
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November 21, 2019
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Corporate Law | General Corporate Advisory
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Corporate Law | General Corporate Advisory
Back to Books for Independent Directors
It is widely considered that independent directors on the board of a company would improve corporate governance, especially given the responsibility of the board to balance various interests. The reason for such belief stems from the opinion that the directors representing specific interests would be confined to the perspective dictated by those interests, whereas, an independent director could bring an element of objectivity to the decision making process of the board with regards to the general interests of the company and also protect minority shareholders ....
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