The Hindu Business Line : FICCI wants flexibility in 'independent directors' norm

THE new Companies Bill should be flexible in allowing the boardrooms to decide the number of independent directors they require for corporate governance, is one of the suggestions put out by the Federation of Indian Chambers of Commerce and Industry on the J.J. Irani Committee's suggestions.

FICCI has also asked for a harmonisation in company law with other economic statutes and a re-look at the disqualification for appointment as directors under section 274(1) (g). These are based on a survey conducted among finance directors, company secretaries, chartered accountants and legal experts of companies across the country.

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