Aviraj Pandey, LLM, Jindal Global Law School, JGU, Sonipat, Haryana
ABSTRACT
Corporate Governance is the key principle to govern ad discipline the activities of a company. The corporate governance structure determines transparency and accountability in the functioning of the corporate houses. Corporate governance acts as base, inculcated with various verticals and measures to avert corporate frauds and malpractices. Thus, this paper shall discuss the pivotal role of an Independent director in a company in order to preserve and maintain sanctity of the corporate governance structure of the company. The role of independent director is to strike the right balance between the different fractions of the company and to utilize the optimal maximization of the resource and achieve the targets of the company in coherence with the value of the company and the society. The paper discusses the role of independent director in various organizational structures and recent amendments and their alignment. This paper also highlights certain incidences of malpractices, corporate fraud and role played by the independent directors.
Keywords: Independent Directors, Corporate Governance, Corporate Frauds.
