Which of the following is incorrect about role of Independent Directors?
A. They are expected to be independent from the management and act as the trustees of shareholders
B. They need to exercise adequate oversight on the management of the risk of fraud and non-compliance with existing regulations
C. They need to ensure that payments are made to all the creditors and employees of the company in a timely manner
D. They need to ensure that the company pays dividend every year to all its shareholders including majority and minority shareholders, in a timely manner
Independent Directors (IDs) are the Directors in the Board of a company who are independent and free from any material business, day to-day operations or financial connection with the company. As per the new corporate governance norms to be implemented by companies, the Board of a company should have at least 50% as independent directors. A need has been felt to update the Act and make it globally compliant and more meaningful in the context of investor protection and customer interest. IDs are concerned with the overall oversight so that the company operates within the regulations, both in letter and spirit, in a transparent and fair manner. Payment to creditors and dividend payout are operational matters. Moreover, dividend payout every year is not compulsory.
A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions is termed as?
After which of the following year the Government of India started publishing returns of Insurance Companies in India?
Which term referring to property coverage for the perils of burglary, theft and robbery?
Which of the following is not a Insurance Intermediary?
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
Market is a place of ______.
The process of determining the cost of an insurance policy based on the actual loss experience determined as an adjustment to the initial premium paymen...
Which of the following principles of Insurance denotes insurance of same subject matter with two different companies or with the same company under two ...
Event covered under insured’s policy agreement is called?
To which of the following thing we can do insurance?
