https://www.taxtmi.com/acts?id=17771 Code for Independent Directors mandates integrity, objective judgment, sufficient time commitment, avoidance and disclosure of loss of independence, and support for corporate governance. It requires independent selection and shareholder approval, a formal appointment letter specifying term, duties, expectations and remuneration, public availability of terms, performance-based reappointment, replacement of vacancies within three months unless board requirements remain met, separate annual independent-director meetings to review board performance and information flow, and board-led performance evaluation excluding the director evaluated. en-us Sat, 02 Mar 2013 17:00:40 +0530 Tue, 03 Feb 2026 21:07:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17771 Code for Independent Directors mandates integrity, objective judgment, sufficient time commitment, avoidance and disclosure of loss of independence, and support for corporate governance. It requires independent selection and shareholder approval, a formal appointment letter specifying term, duties, expectations and remuneration, public availability of terms, performance-based reappointment, replacement of vacancies within three months unless board requirements remain met, separate annual independent-director meetings to review board performance and information flow, and board-led performance evaluation excluding the director evaluated. Act-Rules Companies Law Sat, 02 Mar 2013 17:00:40 +0530 https://www.taxtmi.com/acts?id=17771