Under Indian law, someone unconnected with the business but with the skills and experience to be a director, can join the board as an “additional director” and bring a fresh perspective to how the company is managed. In this article we examine the steps needed to appoint such a director and how additional directors can help drive company growth.
An independent director contributes significantly to corporate governance by offering an impartial and objective viewpoint during a company’s decision-making processes. To maintain accountability, transparency, and the protection of stakeholders’ interests, independent directors in India are subject to obligations that are outlined in the Companies Act of 2013. In this feature, Aarna Law examines the duties and liabilities of such independent directors.
