This article critically analyzes the legal obligations of independent directors in India, compares them to the situation on ground, and investigates whether recent reforms have gone far enough in transforming these “toothless tigers” into actual guardians of the public interest and shareholders. The article also gives recommendations which, if incorporated, might help empower independent directors to effectively oversee corporations.

To realise the promise of independent directors, strict legislation, improved training and cultural shifts in boardroom dynamics are needed.

The article examines the right of shareholders to suggest nominations for appointment of independent directors.