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How do listed companies go about finding Independent Directors besides contacting persons known to them or through word-of-mouth? This limits the horizon.
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How do thousands of professionals who are competent and willing to become Independent Directors let the listed companies know about themselves and get invited?
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primedirectors.com now provides the answers. This is a free-of-charge platform both for the professionals to submit their profiles in an easy-to-fill format and for the listed companies to reach them through a simple search mechanism. |
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If you are a professional seeking directorships... |
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A total of 19811 professionals have enrolled |
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Analysis of 14520 profiles already hosted on this website available for search by listed companies |
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517 are/were civil servants |
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679 are IIM graduates |
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257 are/were professors at IITs/IIMs/IISc |
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1228 are graduates from foreign universities (including Harvard, Wharton, Kellog and Stanford) |
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1131 hold Doctorates |
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4146 are Chartered Accountants, 1728 are Company Secretaries, 715 are Cost Accountants |
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2254 are Lawyers and 195 are Medical Doctors |
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4311 are Engineers of which 1016 are from IITs, 179 from BITS and 68 from ITBHU |
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515 are already holding 833 independent directorships on listed companies |
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85% have more than 10 years experience |
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89% have decided to disclose their names |
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Citywise analysis of professionals |
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| Retired/existing Chairman/CMD of |
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BSRB, BIFR, CBDT, CERC, MRTPC |
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Canara Bank, Dena Bank, CIBIL, EXIM Bank, Federal Bank, IDBI, IFCI, Lakshmi Vilas Bank, New India Assurance, NHB, PNB, PSB, SBICAP, UCO Bank, United Bank Of India |
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BEML, CMC, Coal India, Cochin Shipyard, FACT, Goa Shipyard, Hindustan Insecticides, Hindustan Latex, Hindustan Photo Films, HMT, IDPL, Lubrizol, MDNL, MSEB, MTNL, NALCO, NFL, Paradeep Phosphates, PEC, RCF, STC, WCL |
| Retired /existing Managing Directors of |
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BOB Cards, BSE, Canbank Investment, CDSL, Centurion Bank, ICICI Venture Funds, LIC, State Bank of Hyderabad, SBI, State Bank of Mysore, UTI Securities |
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Akzo Nobel, Bakelite Hylam, Berger Paints, Birla Yamaha, Business India, Carrier Aircon, Delphi Automotives, Eicher, Electrolux Kelvinator, GEC Alstom,GHCL, Haldia Petrochemicals, Hindustan Dorr Oliver, Mangalore Chemicals, Mukand, Otis Elevator, Singer, Spectrum Power, SOL Pharmaceuticals |
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HAL, Hotel Corp., HPCL, Indian Oil Panipat Power Consortium, Mumbai Railway Vikas, SAIL |
+ several retired IAS officers, UN experts, Army Generals/Air Marshalls, IT Commissioners, Ministers, Ambassadors and even one Governor |
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Profiles of another 5291 professionals are presently under processing |
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For better corporate governance, the need for Independent Directors is recognized the world over. Independent Directors in India too now have substantive role and responsibilities; simultaneously, the Companies Act now allows a reasonably good remuneration to the Independent Directors.
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Most of the listed companies, out of 9000, were required to comply with Clause 49 of the Listing Agreement by 31 December 2005, which mandates that Independent Directors should constitute 50% of their Boards; otherwise the defaulting companies will have to face severe penalties. An estimate puts the requirement of Independent Directors at over 30,000. |
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