The new Companies Act has several additional provisions regarding independent directors, but is term independent director itself an oxymoron? You can either be a director or independent, but not both, say many critics of corporate governance. And independent of who and for what? The role of independent director, in part, is to act as a watchdog on the promoters and the management of the company and protect minority shareholders\’ interests.

via Independent directors are becoming important catalysts in good corporate governance – The Economic Times.