Executive director & Independent Director
This query is : Resolved
24 September 2010
1. What is the meaning of an executive Director. If there are 3 directors in a company, what is the minimum no of executive director. CAn all 3 be non - executive.
2. Whether an Independent director is one who does not have any shareholdong in the company
2. Whether an Independent director is one who does not have any shareholdong in the company
Ankur Garg
(Expert)
24 September 2010
Hi Seema,
Normally MD/WTD and a director drawing salary are considered as executive director. Rest of the directors are considered as Non-executive directors.
Promoters of the company are not executive director automatically.
Independent director can be a shareholder of the company but he should not have material monetary interest in the company.
Regards
Normally MD/WTD and a director drawing salary are considered as executive director. Rest of the directors are considered as Non-executive directors.
Promoters of the company are not executive director automatically.
Independent director can be a shareholder of the company but he should not have material monetary interest in the company.
Regards
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