'Paper'ing over the cracks 'Paper'ing over the cracks - Part 2 Shareholders who expect value from IDs should ask Boards and managements whether the compensation presently given to IDs is adequate, having regard to their role Topics Your Email: Send me a copy: https://mybs.in/2Zcpv3p The constituency of the independent director (ID) is vast and varied. When appointing an ID, what should shareholders look for? Sebi’s Paper on IDs proposes that the skills and capabilities required for the appointment of ID, and the manner in which the proposed individual meets the requirement of the Board, should be disclosed to the shareholders prior to the appointment.