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Sebi calls for giving more power to independent directors

The Economic Times
MUMBAI: Stressing the need to strengthen the powers of independent directors, Sebi whole-time member Rajeev Kumar Agarwal today said good corporate governance is the surest way to protect the interest of shareholders. "An independent director is in a position to exercise unbiased judgement on issues which may be related to competing interests, on issues where the interest of the management or promoters is coming in the way of minority shareholders. Here, an independent director is best placed to
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