Why independent directors matter for bank boards

“To serve on banks’ board should not be a case of —highest time commitment, most risk, and least reward —  as it is today in India,” says Janmejaya Sinha, chairman of the Boston Consulting Group (India). All the time a thankless job, it’s more and more being seen as not well worth the whereas. It’s felt that financial institution boards are being burdened with issues that must be within the area of the skilled administration — annual inspections continuously ask why a matter was not referred to it. Usually, board conferences are full-day affairs. A couple of impartial administrators (IDs) have informally conveyed to chairmen and corner-ro

First Printed: Aug 13 2023 | 9:28 PM IST

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