The CEOs in India are actively involved in recruiting outsiders as independent directors. Hence, if an independent director’s vintage is shorter than that of CEO in the company that may also sometimes dilute their independence. The true independence of directors lies in their ability to make strategic decisions that are independent of their management.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment