(Friday) April 22, 2022
1600 - 1800 Hrs IST
Corporate Fraud and Misconduct: Role of Independent Directors
Institute of Directors, India
Partner and Leader - Forensics,
Financial Advisory Deloitte Touche Tohmatsu India LLP
Chairman, Blue Star Ltd., L&T Finance Holdings Ltd.,
L&T Mutual Fund Trustee Ltd., Future Lifestyle Fashions Ltd. and NSDL e-Governance Infrastructure Ltd.; & Independent Director on the Boards of Bennett Coleman and Co. Ltd. (Times Group), Mahindra Lifespaces, Ambuja Cements Ltd., ACC Ltd. etc.; Chairman, New Haribhakti Business Services LLP; & Chairman – Western Region, Institute of Directors, India
Lead Independent Director, GHCL LTD;
Independent Director, Mirae Asset Trustee Company Private Limited; Chairman - Working Group to Streamline the role & obligations of Trustees of Mutual Funds, SEBI
Independent Director and Chairman - Audit Committee,
Linde India Limited; Independent Director on Boards of ICICI Prudential Trust Company Limited, Suryoday Small Finance Bank Ltd., JSW Ispat Special Products Ltd., ICICI Prudential Pension Funds Management Company Limited, Mahindra Rural Housing Finance Limited, Mahindra Insurance Broking Limited, etc.
Independent Directors are said to be the ‘gate-keepers’ of sound corporate governance practices in boardrooms, as organisations tread the path of sustained growth. The critical role of Independent Directors (IDs) in Boardrooms has been highlighted in recent months with Indian Regulators and the Ministry of Corporate Affairs, Govt, of India focussing their efforts on the boardroom cohort. From their appointment/re-appointment, removal, remuneration, even limiting criminal liability and empowering IDs, special focus has been on laying the ground for effective corporate practices as the Indian economy readies for future growth; poised to become a global economic superpower.
In our continued concerted efforts towards capacity and knowledge-building in boardrooms, the Institute of Directors is hosting a ‘Special Workshop on Independent Directors’, on Friday, April 22, 2022, between 1600 - 1800 hrs, virtually, on IOD’s licensed Zoom platform
It is being hosted to deliberate findings of the online survey jointly conducted by Institute of Directors (IOD) and Deloitte Touche Tohmatsu India LLP (DTTILP) on ‘Corporate Fraud and Misconduct: Role of Independent Directors’, with a view to understand how IDs perceive corporate fraud, their preparedness in addressing it, and the best practices to mitigate the fraud and misconduct risks. It was released during the last ‘Annual Directors’ Conclave 2021’, held in October 2021.
This special workshop aims to discuss and deliberate the views of some of the leading Independent Directors, on their vital role in Boardrooms, and in addressing corporate fraud and misconduct.