c Law Nominee Director

INTRODUCTION A recent notification by SEBI has abolished the put of prospect Directors in Public listed companies. Until few years back, reports and articles suggested that prospect Directors should be independent directors. Then what bought about the change? And whether the resembling is hard-hitting and for good? These be some of the questions which will be canvass in this project along with the utilisation of candidate Directors in the light of Corporate Governance. The phenomenon of prospect director has constitute an eventful feature of the innovational Indian collective scene. This is earlier because of the role of the various lending institutions like banks, mutual funds, general pecuniary institutions, state financial corporations, etc. These lending institutions know fabricated a pivotal role in the modern corporate world financing the various projects of the companies also as the monetary commitments by these institutions are high it is but innate that they would necessity to safeguard their amuses. Besides they would also like to escort that the capital is used for the stipulated purposes only.

A look at the thoughtion of nominee director would reveal that this concept has a unspoilt drawback it existence the conflict of interest and division of loyalty that a nominee director has to face on the helping draw being a representative of a institution and on the other hand being the director of a companionship and the duties and liabilities that come with it. candidate DIRECTORS Nominee directors as a concept exists worldwide, Institutional i nvestors model them on the board of a alli! ance where they have throw up in substantial substance of their money thereby assure themselves that there is somebody in the board who will take aim care of their interest and see that their money is being invested in places were it ought to be. Thus, before public lecture about Nominee Directors, lets first see to it the role of Institutional Investors. There are two views with take in to the role that an Institutional investor should...If you want to recrudesce a intact essay, order it on our website: BestEssayCheap.com

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