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Comparative Study On Provisions Governing Independent Directors Between Indian And US




Naman Gupta, BBA LLB, Vivekananda Institute of Professional Studies


ABSTRACT


Independent directors play an important role in day-to-day working of a corporate firm by virtue of their apparent expertise. It constitutes an inevitable part of the firm. The concept of "independent directors" evolved in tandem with the term "corporate governance." Independent directors have traditionally been expected to invest their knowledge and intellect into the company and not money. The scope of the paper includes the important topics such as laws related to the qualification, tenure, roles and responsibilities, and much more. The research is widened to include the glimpse of laws in USA and gives insight on the same so as to understand the international trends on same. The paper also provides with a brief about the differences in the laws of India and USA in context of Independent Directors. The researcher has chosen this topic considering the fact that the concept is relatively newer to the Indian business world and hence, certain relevant updates from major companies in India have also been mentioned and analyzed to understand how the Indian corporate sector has changed since this position is now being taken up seriously unlike before.


Keywords: Independent, Directors, corporate, governance, US, India.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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