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Roles of independent directors exposed

Published January 7, 2009, 7:15 pm, Business Standard India

Independent directors on the boards of many companies across various sectors said their roles remained relevant despite the Satyam episode.

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In one of the darkest days in India?s corporate history, Satyam Computer Services Founder and Chairman B Ramalinga Raju resigned after saying he falsified earnings and assets. The revelation comes soon after Raju was forced to reverse a decision to ...

Roles of independent directors exposed - Business Standard
"Even the best independent director of a company cannot detect a fraud if the auditor cannot detect it. And most independent directors are not involved in the workings of a company for more than 15 days," said Omkar Goswami, founder and Chairman of ...

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