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By- Institute of Directors | Authored by- Lt. Gen. Surinder Nath, PVSM AVSM (Retd.)
Nov 04, 2026
Sustainability is a holistic approach that focuses on meeting present needs without compromising the ability of future generations to meet their own. It encompasses environmental, social, and economic dimensions, commonly referred to as the triple bottom line people, planet, and profit.
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By- Institute of Directors | Authored by- Lt. Gen. Surinder Nath, PVSM AVSM (Retd.)
Nov 04, 2026
Over the last twenty-seven years, this Conference has evolved into one of the most respected international platforms for dialogue on sustainability, environmental stewardship, governance and responsible leadership. It has consistently brought together policymakers, regulators, corporate leaders, academics,
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By- Institute of Directors | Authored by- Lt. Gen. Surinder Nath, PVSM AVSM (Retd.)
Nov 04, 2026
CSR considered in the present context is an important medium to overcome the difficulties of the deprived and the needy persons. Through CSR, various companies discharge their responsibility towards the society that exists in their eco-system. The corporate citizenship has evolved encompassing the provisions of Companies Act 2013 and the actions that helped serve the society in an inclusive and responsible manner.
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Independent Directors (IDs) should complement executive colleagues who wrestle with day-to-day issues that burn up time needed for the independent thought expected of company directors. IDs and executive directors should understand each other's roles and how their respective contributions can be complementary.
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Boards rarely destroy value because a director did not know a section of tax law. They destroy value when obvious questions are not asked early enough, or answers are accepted because the organisation has fallen in love with a transaction. This is not confined to weak boards; it is the natural risk of enthusiastic ones.
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The role of an Independent Director has never been more vital than in today's increasingly complex corporate landscape. Currently, businesses are navigating geopolitical uncertainty, rapid technological disruption, diverse regulatory expectations, mounting stakeholder demands, financial pressures and growing scrutiny of corporate governance.
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I believe effective Corporate Governance rests fundamentally on the quality of the institutional framework within which a business operates. Investors studies not only at performance, but also whether the board is capable, informed and equipped to exercise forward-looking vision.
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Public service brings in a lot of experience across different sectors, and in some sectors one does develop deeper insights. Thus, when one joins the boardroom, one can bring in that experience, but it is equally important to keep oneself updated in the sector in which one has accepted the board position.
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My answer has changed over the years. Earlier, I would have said that deep functional expertise especially in functions like Finance, HR and Business Operations, leadership experience and a good reputation were the foundation. I still believe they are essential
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An experienced lawyer can make for a remarkably astute independent director. However, the journey from counsel to an effective member of any company's board is a significant one. Every lawyer who traverses this distance notices the difference right away - when a proposal is discussed, the board is not looking to them for legal inputs alone. It expects a director's judgement and, eventually, a vote.
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Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 30,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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