Expand the role of non –executive directors
CII has recommended the following :
NED’ s should occupy at least 30% of the board seats.
There must be a limit on the number of Boards on which a person cans serve.
An audit committee, having at least three non-executive directors must be set and given access to all the information.
All the NED ‘s must be compensated well for their time and efforts
CII has recommended the following :
NED’ s should occupy at least 30% of the board seats.
There must be a limit on the number of Boards on which a person cans serve.
An audit committee, having at least three non-executive directors must be set and given access to all the information.
All the NED ‘s must be compensated well for their time and efforts