Online BusinessNew act would fix independent directors' role: Khurshid
The government said today the role and responsibilities of independent directors on the boards of companies would be fixed as also the number of firms they could represent once the Companies Bill, 2009, became a law.
The role of independent directors came into sharp focus after the country"s biggest corporate fraud at Satyam Computer Services early this year shook India Inc.
"Satyam is an independent company and it can take any decision it wants," he said.