Question : Duties of Independent Directors

(a) whether the independent directors appointed by the Government on the Boards of various Public Sector Undertakings (PSUs) are more accountable for the good and bad deeds of the companies;

(b) if so, the details of the roles and responsibilities of independent directors appointed on PSUs;

(c) whether any mechanism is in place to check the duties of the independent directors and if so, the details thereof; and

(d) the number of independent directors who have been punished for dereliction of duties during the last five years, PSU-wise?

Answer given by the minister

THE MINISTER OF CORPORATE AFFAIRS (SHRI ARUN JAITLEY)
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(a) to (d):- A statement is laid on the Table of the House.

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