1. No 'options' left for independent directors on companies' boards

    No 'options' left for independent directors on companies' boards

    In a bid to address the concern that issue of stock options to independent directors might be causing conflict of interest and casting a cloud over their independence, the new Companies Act is set to end this practice. The new Bill, approved in the Lok Sabha and likely to be cleared by the Rajya Sabha early next year, categorically says an independent director will not be entitled to stock ...

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