Half of BSE 500 boards not independent, says report

A little over half of the top 500 listed companies do not have enough independent directors (IDs) on their boards.This would defeat the purpose of regulations which rely on impartial and independent boards of directors for objective oversight of companies’   Personal Numerology

Currently, 17 per cent of the boards (85 companies) are directly non-compliant with these norms. The number goes up if one takes into account the spirit of the regulations. About 21 per cent of IDs have had a tenure more than 10 years,  Indian stock market astrology prediction

“If all these vintage directors (tenure  >10 years) are considered non-independent, the non-compliant boards increase to 54 per cent.    Sensex Astrology 

 Companies need to address this issue, to improve investor perception about the quality and objectivity of the board processes,” the proxy advisory said in its study.  Share Market Astrology