Independent directors are jostling at the boarding gate

The increased visibility, responsibility and remuneration of independent directors has led to rising awareness of this strategic role in Corporate India. Besides, several factors have spurred more aspirants to sign up to be independent directors. The big 'board refresh' this year-involving stepping down of independent directors who were completing 10 years (two terms) on a company's board-was expected to make way for new faces on the boards.