GOVERNANCE CHALLENGES -- Sanjay Kumar Gupta FCS, ACIS (London)
Jan 02, 2016
Ch. 2 TEXT 47
TRANSLATION
You have a right to perform your prescribed duty, but you are not entitled to the fruits of action. Never consider yourself to be the cause of the results of your activities, and never be attached to not doing your duty.
Challenge of recognition
The human association which in fact produces and distributes wealth --- the association of workmen, managers, technicians and directors, is not an association recognized by the law.
The association which the law does recognize – the association of shareholders, creditors and directors – is incapable of production or distribution and is not expected by the law to perform these functions.
Independent Directors
Section 149
Clause 49
How to find
Where to find
Independence to non independence