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The board of directors is the most important decision making body of a company. Its independence is indispensable in ensuring high standards of corporate governance. The recent corporate scams that India has witnessed and the subsequent increase in the number of resignations by independent directors from the boards of companies, the revamp of the existing corporate regime’s concept of independent director is a welcome change. For the first time, the Companies Act 2013 (the Act), provides for appointment of Independent Directors on the Board of Listed as well as certain specified unlisted public companies, includes guidance about the role and standards that independent directors must aim to achieve and maintain.
 
The Act also provides for appointment of Women Director on Board of Companies. While the mandatory requirement for appointment of women directors is expected to bring diversity on to the boards, companies may find it difficult to be in compliance with 2013 Act unless they have already identified or internally groomed women candidates that are qualified to be appointed to the board.
 
We at ASSOCHAM are taking an initiative to discuss and deliberate the detailed related provisions under the new Act, organizing a Two Days Non-Residential Capacity Building Workshop for Directorson 24thand 25thSeptember, 2014at New Delhito sensitize existing and prospective directors to the nuances of corporate board functioning.
 
Key Discussion Area:
 
1.       The Boards Legal Environment – The Duties, Responsibilities & Liabilities of Directorship with special focus on Independent Directors.
2.      Corporate Governance & role of Board Committees
3.      Managing the Board Process including assessing the quality, quantity & timeliness of information flow
4.      Code of conduct for Independent Directors
5.      Emerging Role of Independent Directors in The Boardroom
6.      Adequacy and effectiveness of internal financial controls, risk management and compliances
7.      Board assurance on reliability of disclosures
8.      CSR Policies, implementation & assessment
9.      Review of Related Party Transactions
10.   Board Evaluation (KRA setting & review of Board Performance)

You are requested to register for this Capacity Building Workshop or nominate your colleagues for the same.

Registration Fees: 

  • Registration Fees: Rs. 10,000 Inclusive of Service Tax (10% discount to ASSOCHAM members; 10% discount for more than 2 Registrations from same organization)