Independent directors may additionally quickly have to take an examination on company literacy
The Modi government is considering quickly revamping India's company governance structure. As part of it, the independent administrators must clean a company literacy and look at various topics earlier than their appointment at the business enterprise forums, Corporate Affairs Secretary Injeti Srinivas told Bloomberg."We want to demolish the myth that independent administrators have no fiduciary responsibility," Srinivas instructed the information company in an interview. "We need to propagate corporate literacy to make them privy to their responsibilities, roles, and responsibilities," he added.Srinivas aimed to roll out this new oversight program in a -month's time body. He said that the eventual aim of the exam is to ensure that the officials cannot plead a lack of understan...
















