Income Of Independent Directors
Independent directors' pay at Nifty-50 companies surges 106% since FY19
The median compensation for independent directors at Nifty-50 companies increased by 106 per cent, reaching Rs 87.4 lakh in FY24, up from Rs 42.3 lakh in FY19
 "Independent directors' pay at Nifty-50 companies surges 106% since FY19")
From RIL to Adani Power, top firms see cessation of independent directors
Industry experts said many companies have already onboarded new independent directors or are in the process of doing so
 "From RIL to Adani Power, top firms see cessation of independent directors")
India Inc registers surge in independent directors quitting their jobs
IDs are responsible for both legal and regulatory obligations. They can raise red flags and register their disagreement on board matters
 "India Inc registers surge in independent directors quitting their jobs")
PTC India appoints 3 former IAS officers as independent directors
Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC. In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta and Narendra Kumar as independent directors of the company with effect from Thursday. The appointments are subject to the approval of the shareholders, it stated. Rajib K Mishra, Chairman & Managing Director, PTC India, said: "We are delighted to welcome the three new independent directors having credible experience and impeccable career record." Rashmi Verma, a former IAS officer from 1982 batch, has 36 years of experience in various sectors, including tourism and textiles. In over 37 years of experience, Dasgupta, a 1981-batch retired IAS officer, has served as chief adviser to Bihar State Planning Board and ambassador to the World Trade ...
 "PTC India appoints 3 former IAS officers as independent directors")
Independent directors: Underpaid & unappreciated
Independent directors have been in the eye of the storm for their inability to guide companies or being able to stand up to controlling shareholders
 "Independent directors: Underpaid & unappreciated")
Online test for independent directors may be counterproductive, say experts
According to the National Stock Exchange database, there are over 5,500 individuals who hold 7,066 posts of independent directors.
 "Online test for independent directors may be counterproductive, say experts")
Experts oppose govt proposal to cap income of independent directors
The panel recommended the cap to ensure that excess pecuniary rewards do not compromise the independence of such directors
 "Experts oppose govt proposal to cap income of independent directors")
