Examples of Independent Directors in a sentence
We further report that: • The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors (provisions related to appointment of Independent Directors is not applicable to the Company).
The Company has received necessary declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed in Section 149(6) of the Companies Act, 2013 and Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
We further report that:The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors.
Formulating criteria for evaluation of Independent Directors and the Board.The Non-Executive Directors are not paid any remuneration except sitting fees for attending the Board Meetings or Committee Meetings.
In the opinion of the Board, Independent Directors fulfill the conditions required for independent directors as per the provisions of the Act, the SEBI Listing Regulations and all other applicable laws and are independent of the management.C. Board CommitteesBoard level committees are essential for effective governance and efficient decision making within a Company.