What are the responsibilities of an Independent Director in a Company?

| Last updated: 21 February 2024

Quick Summary
An independent director is a non-executive board member who is not connected to a company and acts to protect the interests of shareholders, particularly minority ones. Their core responsibilities include improving corporate governance, providing unbiased views on strategic decisions, evaluating board and management performance, and managing conflicts of interest. They also play a crucial role in determining executive remuneration and appointing/removing key personnel.

Introduction Independent director refers to a director who is not connected or related to the company in anyway and acts only to protect the interest of the members who cannot look after their interests themselves. One of his main responsibilities is to improve corporate governance and their stan
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Ishita Ramani

About the Author

Director - Operations

She is a young woman entrepreneur and currently the Operations Director at ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs, and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory Compliance, she has bee ... Read more

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