Role of independent director under corporate governance process

Abstract

According to company law 2013 an independent director in view of a company and in relationship to the board can be said as a director other than the Managing or whole time or a nominee director and in the context of corporate governance an independent director is a non-executive director whose main aim is to help company in improving credibility in the eyes of stake holders with a prescribed set of standards and a set of principals laid for governing the board. The present paper is concerned with the role of Independent Director as part of company in corporate governance process and the importance of each in board.