Published Paper Details:

We learn from various documents and literature that the board of directors should have a pivot role is appointment and removal of key personnel including CEO and decide compensation for all senior management ,design and approve corporate strategy aligning with corporate objectives whereas independent director should be focused on controls for better risk management and to guard the interest of minority shareholders and stake holders ,they need to act tough at the event of any compromise of any measure which dilutes the focus on in the interest of minority shareholders and stakeholder. Major corporate disasters could not be averted though there was presence of independent directors like in Satyam Enron and WorldCom. The role of Independent directors is very challenging as they need to safeguard the interest of small shareholders having no control on day to day management of the corporate and other stake holder it becomes arduous for them as the Board is more focused on immediate gains and sacrifice of ethical values and requirements which are critical for long term existence of corporates .The role of Independent becoming difficult everyday as expectations are very high with them but there but on many occasions they fail to exercise controls and checks the performance, strategy orientations leading to wide gap between expectations and there performance as stake holders have great expectations what they can do for better corporate governance. The paper attempts to look into the ways to make independent director effective in most challenging and uncomfortable and dubious circumstances