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The compensation offered to such Independent Directors in the form of "sitting fee" has also been increased from Rs. 20,000 (prescribed by Companies Act, 1956) to a maximum of Rs. 1,00,000/- per meeting. The requirements in Kenya are similar to those in India. (These are to be found in the Companies Act, Cap 486 Laws of Kenya).<George Kinyua, LL.B>
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the executive management team.
Tiffany & Co., for example, pays directors an annual retainer of $46,500, an additional annual retainer of $2,500 if the director is also a chairperson of a committee, a per-meeting-attended fee of $2,000 for meetings attended in person, a $500 fee for each meeting attended via telephone, in addition to stock options and retirement benefits.
Here are eight well-known individuals from different backgrounds currently sitting on corporate boards: Deepak Chopra, MD, ... and currently serving as managing director of Diamond Edge Capital ...
There is a growing push by public market investors for companies with an executive chair to have a lead independent director to provide some element of an independent perspective. [ 39 ] [ 40 ] The role of the chair in a private equity-backed board differs from the role in non-profit or publicly listed organizations in several ways, including ...
(Reuters) - The independent directors of genetic testing firm 23andMe said on Tuesday they have resigned from the company's board after not receiving a satisfactory take-private offer from CEO ...
ii) those by a Managing Director, whole-time director or manager subject to the control and guidance of the Board of Directors i.e., he is liable to the Board of Directors and the function of the corporate. As per Clause 49, for a company with an Executive Chairman, at least 50 per cent of the board should comprise independent directors. In the ...
Following Wednesday’s appointments and retirements, Macy's board comprises of 15 directors, 14 of whom are independent. Macy's shares rose 9 cents to $19.78 in morning trading. Show comments