Databank of independent directors to be maintained online with prescribed personal, professional details and paid access for companies. The institute must create and maintain an online databank of persons willing and eligible to be appointed as independent directors containing prescribed identification, personal, educational, professional and appointment history details. Access to the databank is limited to companies required to appoint independent directors upon payment of a reasonable fee fixed by the institute with Central Government approval; individuals pay fees for inclusion or renewal and a further fee applies for delayed applications. Individuals may restrict certain personal information, must update particulars within thirty days, and a disclaimer must require companies to undertake their own due diligence.
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Databank of independent directors to be maintained online with prescribed personal, professional details and paid access for companies.
The institute must create and maintain an online databank of persons willing and eligible to be appointed as independent directors containing prescribed identification, personal, educational, professional and appointment history details. Access to the databank is limited to companies required to appoint independent directors upon payment of a reasonable fee fixed by the institute with Central Government approval; individuals pay fees for inclusion or renewal and a further fee applies for delayed applications. Individuals may restrict certain personal information, must update particulars within thirty days, and a disclaimer must require companies to undertake their own due diligence.
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