Independent Director

Shweta (Service) (68 Points)

05 July 2008  

Dear All,


Can u plz help me out in this...

Suppose X (Professional)holds membership in board of directors of a 
listed company as an independent director. He is rendering 
professional services to the company and charging professional 
services... Will this effect his independence to the board... (Both 
Listing and Companies Act) point of view.

If not affecting his independence, what are limits for managerial 
remuneration... Whether these limits also applies to professional fees 
charged for professional services rendered.

With Regards

Shweta Maheshwari