need for Independent Directors of India


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.