A table and chairs sit inside a conference room on a floor. (Photographer: Daniel Acker/Bloomberg)
Tenured independent directors, lack of diversity and excessive promoter control continue to characterise India Inc.’s boards, showed a study by proxy advisory firm IiAS.A three-year assessment of Nifty 500 companies, aggregating to 96% of the total market capitalisation in India, revealed that:Promoter-owned companies dominate Nifty 500.Promoter representation on boards has seen an increase.Non-compliance seems to be the norm for PSU...