INDEPENDENT DIRECTOR SERVICES

AN INDEPENDENT DIRECTOR IS A NON-EXECUTIVE DIRECTOR WHO DOES NOT HAVE ANY PECUNIARY RELATIONSHIP WITH THE COMPANY, ITS PROMOTERS, SENIOR MANAGEMENT OR AFFILIATE COMPANIES. INDEPENDENT DIRECTORS HELP THE COMPANY IMPROVING CORPORATE CREDIBILITY AND GOVERNANCE STANDARDS FUNCTIONING AS A WATCHDOG, AND PLAYING A VITAL ROLE IN RISK MANAGEMENT. INDEPENDENT DIRECTOR PLAYS AN ACTIVE ROLE IN VARIOUS COMMITTEES SETUP BY COMPANY TO ENSURE GOOD GOVERNANCE.

AS PER THE COMPANIES ACT, 2013, EVERY LISTED COMPANY SHALL HAVE AT LEAST ONE-THIRD OF TOTAL NUMBER OF DIRECTORS AS INDEPENDENT DIRECTORS AND EVERY UNLISTED PUBLIC COMPANY WITH PAID-UP SHARE CAPITAL OF RS. 10 CRORE OR MORE OR TURNOVER OF RS.100 CRORE OR MORE OR OUTSTANDING LOANS, DEBENTURES AND DEPOSIT EXCEEDING RS.50 CRORE SHALL HAVE AT LEAST 2 DIRECTORS AS INDEPENDENT DIRECTORS.

We can appoint one of our professionals as an independent director of the company.
Regular review of performance and financial reports.
Review and approve annual audited financial statements and related documents.
Provide regulatory and industry updates.
Board meeting attendance in person and via teleconference.

Globally (USA CANADA EUROPE)

Independent Directors/Managers provide protection to institutional lenders and rating agencies and are often required for the financing of assets. The Independent Director/Manager provides the lender an assurance of “independence” on a bankruptcy vote. No bankruptcy action can be declared without the approval of the Independent Director/Manager, who by definition is not related to or controlled by the borrower.

During a financial transaction, an Independent Director plays a critical role by serving on the board of directors for a special purpose entity and helping to manage the loan.

Acetristin , through its affiliate, is available to provide you with your Independent Director/Manager needs. Contact us today to discuss those needs with a Client Service Representative.