Government Launches Independent Directors’ Databank
Independent directors of company boards have significant responsibilities under the Companies Act and are part of various committees, including those related to remuneration. (Photographer: Giulia Marchi/Bloomberg)

Government Launches Independent Directors’ Databank

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The government on Monday launched a databank of independent directors under the companies law, a move aimed at providing a platform for registration of existing as well as those aspiring to be independent directors.

The databank portal would be maintained by the Indian Institute for Corporate Affairs, which comes under the corporate affairs ministry.

"It provides for a wide array of e-learning courses on various topics including the Companies Act, securities laws, basic accountancy, board practices, board ethics and board effectiveness. A number of value added services are expected to be rolled out through the portal for capacity building of independent directors," an official release said.

Also read: Government To Introduce Online Proficiency Test For Independent Directors

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