difference between nin executive n independent director
This query is : Resolved
18 May 2016
What is thee difference between non executive and independent director?
19 May 2016
Non -executive directors are generally not involved in day to day business of the Company. The Companies Act, 2013 does not specifically use the word "Non - executive" director. On the other hand Independent director is a person who is independent of the day to day affairs of the company. An independent director should posses relevant expertise and related experience and expected to be a person of integrity. He should not be related to the promoters or the directors.
Part II of Schedule IV describes the Code for Independent directors.
Part II of Schedule IV describes the Code for Independent directors.
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