What follows is from the pages of corporate history. Directors, think OR blink and sink
WATCH OUT. POTHOLES AHEAD
Audit Committee does not approve the accounts, but the Board approves them.
Former Executive Chairperson or CEO sitting on the Board as a Non-Executive Director.
A Chairperson, who is a good leader, holds back on items that are technical in nature because he feels that there are subject experts in the boardroom.
Board agenda focuses only on compliance.
Founder promoter Chairperson refuses to get evaluated.
Appointment of CEO by a Promoter, without consultation with Nomination and Remuneration Committee.
Father-in-law of the daughter of the executive Chairperson is an ID on the Board and also Chairperson of the Audit Committee.
An Independent Director becoming the spokesperson of management.
A Non-Executive Director sits on Boards of some competing companies in the same sector.