Post-pandemic churn drives 30% jump in independent director exits to 510: Report

A growing churn in India’s boardrooms is signalling a deeper shift in how independent directorships are perceived and executed in the post-pandemic era.

In a recent analysis published by Moneycontrol.com, our Founder & MD, Mr. Shriram Subramanian, shared his views on the rising number of mid-term exits by independent directors across listed companies, as regulatory tightening and investor scrutiny continue to raise expectations from boards and bring governance performance under sharper focus.

He noted that the role of independent directors has come under far sharper focus, with increasing pressure to actively deliver on governance responsibilities. With greater scrutiny from shareholders and proxy advisory firms on board appointments and decisions, independent directors are expected to demonstrate real oversight, independence, and accountability rather than symbolic participation.

This sustained churn reflects structural changes in corporate governance, driven by tenure limits under the Companies Act, concerns around overboarding, and heightened institutional monitoring. Board positions are increasingly defined by responsibility and performance, reinforcing the need for stronger governance frameworks to ensure long-term board stability.

Read the full article: https://www.moneycontrol.com/news/business/post-pandemic-churn-drives-30-jump-in-independent-director-exits-to-510-report-13742944.html