c Law Nominee Director

INTRODUCTION A recent notification by SEBI has abolished the dress of prospect Directors in Public listed companies. Until few years back, reports and articles suggested that candidate Directors should be independent directors. Then what bought about the change? And whether the same is hard-hitting and for good? These be some of the questions which will be canvass in this project along with the utilisation of nominee Directors in the light of Corporate Governance. The phenomenon of prospect director has let an eventful feature of the young Indian collective scene. This is in the first place because of the role of the various lending institutions like banks, mutual funds, semipublic pecuniary institutions, state financial corporations, etc. These lending institutions rush 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(p) t hat they would necessity to safeguard their affaires. Besides they would also like to gibe that the capital is used for the stipulated purposes only.

A look at the purpose of nominee director would reveal that this thought has a sobering drawback it existence the conflict of interest and division of loyalty that a nominee director has to face on the helping fade 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 invest ors model them on the board of a company w! here they have throw up in substantial keep down 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 talking about Nominee Directors, lets first find out the role of Institutional Investors. There are two views with estimation to the role that an Institutional investor should...If you want to recrudesce a in force(p) essay, order it on our website: BestEssayCheap.com

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