Independent directors may soon have to qualify corporate literacy exam before their appointment in c

With an idea to improve corporate governance structure in India, the Government proposes to introduce corporate literacy test for independent directors as a pre-condition to be appointed in company board. The exam will be conducted online covering the basics of Indian company law, ethics, and capital market rules, among other by aspiring directors. The experienced independent directors would be exempted.

from taxmann.com News http://bit.ly/2IdOONB