Industrial Development in India has a relatively short history.
19th Century saw the British setting up a few traditional industries
like Jute, Cotton, and Tea etc. These were also set up as subsidiaries
of the British Corporations. In early part of 20th Century some
Industrialists and Entrepreneurs like Mr. J.R.D Tata, started setting
up Enterprises. With the independence of the Country some of these
British houses made there exit and the running of their companies
was essentially taken over by the people who worked with the British
and these companies in one capacity or the other. This group of
people, practically, became the first generation of Entrepreneurs
of India and started setting more and more companies.
The Ownership, Structure and Management
of Companies has evolved over the years - from small and privately
owned companies to medium size companies with limited public shareholding
to now very large and global companies with the management being
professional and the ownership being shared by the Promoters, Private
Equity Partners and a large number of small Shareholders from the
public.
The Board of Directors are now becoming
and are required to become Independent such that a high degree of
Compliance with the Principles of Good Governance are almost mandatory.
Independent Board of
Directors, to be effective, need Directors who have excelled in
different fields at top levels of Management, have developed the
capacity to guide the businesses and provide direction and leadership
required to add value to the Companies in the pursuit of Excellence
and Enhancement of Shareholders Value.
INDEPENDENT DIRECTORS OF
INDIA is such a Group that is ready to share its expertise with
the Corporate India.
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