Unveiling the guidelines on the appointment of independent directors and the process of board evaluation, aimed at bolstering corporate governance, the industry body also called on companies to view succession planning as a continuing and holistic approach, rather than an episodic event. The CII said the management must provide a detailed report of the key developments to independent directors between two board meetings.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.