Corporate Governance
This query is : Resolved
20 August 2010
In case if an independent director appoints an alternate director should he be also an independent director. pl clarify
20 August 2010
When ever an alternate director is appointed he is acting as director in position of director in whose place he is appointed.
Thus alternate director will also be independent unless he is promoter or related to the Company
Thus alternate director will also be independent unless he is promoter or related to the Company
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20 August 2010
Agree with expert.
Any director can be considered as an independent director provided he is not drawing any managerial remuneration from the company.
Also MD and WTD are not considered as independent directors.
Thanks
Any director can be considered as an independent director provided he is not drawing any managerial remuneration from the company.
Also MD and WTD are not considered as independent directors.
Thanks
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