Mandates for independent director searches rise 2X as maximum allowed term of 10 year comes to an end

According to data of 680 listed companies above market cap of ₹5,000 crore analysed by executive search firm Native, the number of independent directors who will compulsorily need to retire by March 2024 is more than 800. Potential vacancies for independent directors across listed companies, including firms below ₹5,000 crore market cap, is more than 1,200, according to Native's estimate. April 11, 2023 at 12:01AM