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Explanation: A Non-Executive Director is a member of a company’s board who is not involved in the day-to-day management or operations of the company. Unlike executive directors who are typically part of the company’s management team and hold operational roles, non-executive directors are independent individuals appointed to provide oversight, strategic guidance, and independent perspective to the board. Non-executive directors may include independent directors, representatives of major shareholders, or individuals chosen for their expertise in specific fields relevant to the company’s business.
Example: TCS has 6 Non-Executive Directors. These directors, including independent directors and other non-executive members, play a crucial role in providing oversight, monitoring corporate governance practices, and safeguarding the interests of shareholders. While they may not be directly involved in the day-to-day management of TCS, non-executive directors contribute their expertise, industry insights, and independent judgment to board discussions and decision-making processes. Their role is essential in ensuring transparency, accountability, and effective corporate governance within TCS.
You can view the entire list of Board of Directors for any company on Radar in the Board section.