02 May 2022
As we know appointment of Independent director is not mandatory for Private limited company even our company wishes to appoint Independent director on the board. Independent Director is Qualified Company Secretary having vide experience in finance. So my question is whether we can make his appointment as Professional Director or Non-executive director/ or Independent director. What is the major difference in these three concept. And what will be the procedure for appointment of Independent director whether appointment is made at board meeting or else in General meeting
03 May 2022
Professional directors, as often defined by academics and practitioners, are independent directors whose only vocation consists of serving as corporate directors on one or more boards. Such directors hold no other full-time employment. A non-executive director is a member of a company's board of directors who is not part of the executive team. A non-executive director typically does not engage in the day-to-day management of the organization but is involved in policymaking and planning exercises. Appoint him as independent director. Any vacancy in the office of independent director shall be filled in the very next Board Meeting.
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