https://www.taxtmi.com/article/detailed?id=1580 The Companies Bill, 2011 defines an independent director by integrity, expertise and the absence of promoter, related-party, significant pecuniary or recent employment ties; mandates minimum independent representation for listed public companies; prescribes terms and cooling-off rules for tenure and reappointment; requires independent appointment processes and specific appointment-letter provisions; imposes a statutory code of conduct covering independence, ethical standards, duties, disclosure obligations and participation in governance; limits liability to acts with knowledge, consent or connivance or negligent inaction; and requires audit committees to have an independent-majority composition. en-us Mon, 23 Jan 2012 08:48:46 +0530 Mon, 23 Jan 2012 08:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1580 The Companies Bill, 2011 defines an independent director by integrity, expertise and the absence of promoter, related-party, significant pecuniary or recent employment ties; mandates minimum independent representation for listed public companies; prescribes terms and cooling-off rules for tenure and reappointment; requires independent appointment processes and specific appointment-letter provisions; imposes a statutory code of conduct covering independence, ethical standards, duties, disclosure obligations and participation in governance; limits liability to acts with knowledge, consent or connivance or negligent inaction; and requires audit committees to have an independent-majority composition. Articles Corporate Laws / IBC / SEBI Mon, 23 Jan 2012 08:48:46 +0530 https://www.taxtmi.com/article/detailed?id=1580