Home » Independent Directors & Audit Committees

CEFRG provides appropriate insights, solutions and training to equip the diverse players and participants in field of financial reporting and governance like

  • Partners and Managers of accounting firms,
  • Independent directors,
  • Internal auditors
  • Chief financial officers and his accounting teams
  • Audit committees

to dramatically improve the entire gamut of financial reporting and system of governance by working with them closely in this arena so that they can perform their respective roles more efficiently and effectively.

Independent Directors & Audit Committees

Independent Directors play a crucial role in the system of governance in corporate entities. Their duties and responsibilities are onerous. They are expected to be intimately aware of the provisions in Chapter XI, XII & XIII of the Companies Act  2013 relating to their appointment, duties, vacation of office, resignation, their removal, Meeting of Boards & its Powers and Appointment & Remuneration of Managerial Personnel.

Schedule IV—Code for Independent Directors – deals with Guidelines of Professional Conduct, Role & Functions, Duties, Manner of Appointment, Reappointment, Resignation or Removal, the requirement for a separate  meeting of the Independent Directors and an Evaluation  mechanism for their performance.

Every independent director should continuously assess his/her acumen as well as the appropriate skills he/she is expected to possess as well as spend the requisite amount of time to continue to discharge their functions with lesser risks .

OUR FOCUS

Our focus on Independent Directors and Audit Committees is to augment their skills and knowledge to be able to successfully discharge their duties and responsibilities under the new Companies Act 2013 particularly all those matters arrayed in Schedule IV both in its form and substance. It is our endeavour to provide the Directors the right set of guidance and information so as to carry out their responsibilities in a confident and effective manner.

CEFRG will tailor a complement of interactive learning workshops to provide current and emerging insights to independent directors to keep their faculties sharp to do their jobs better. Industry insights will be provided by an expert panel of professionals. CEFRG will also provide independent directors, access to our proprietary knowledge database which are continuously updated by our research team. Our periodic Directors’ Newswire will fortify their performance.

CEFRG’s SUPPORT SERVICES to DIRECTORS include

  • INTERACTIVE LEARNING WORKSHOPS
  • CUSTOMISED INDUSTRY INSIGHTS
  • SPECIFIC COMPANY NEWS BULLETINS
  • ACCESS TO CEFRG KNOWLEDGE DATABASE
  • EXPERT OPINION ON LEGAL MATTERS FROM OUR PANEL OF EMINENT LAWYERS / RETIRED JUDGES.
  • SECRETARIAL SUPPORT
  • REGULAR BREAKFAST BRIEFING MEETINGS
  • DIRECTORS’ NEWSWIRE