The former chairman of Securities and Exchange Board of India (SEBI), launched a trust that aims to address challenges faced by non executive especially independent directors on companies board directors on 22 July. The idea behind the Non Executive Directors in Conversation is to promote discussions among non executive directors and to give viable solution to the concerns faced by them.
The main issues faced by them are:
Lack of role clarity, absence of domain knowledge & increasing the liabilities under the new companies Act. This trust will be prepare them to-do justice to their role in their respective institutions who has larger multifarious responsibilities.
The other members of the trust include:
Idea Cellular’s former Managing Dirctor Sanjeev Aga, Infosys’ former global head of human resources Hema Ravichander, Pradeep Dinodia, TN Manoharan and Mukund Chitale.
Former Chairman of SEBI M Damodaran sets up trust for non executive directors
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