Introduction

Are you interested in becoming an independent director? Want to join the boards of top companies? 

If you have solid experience in business and want to use it in a fresh way, this could be for you. If you've worked in finance, law, management, sales, marketing, research, or other related fields for ten years or more, this role might suit you well.

If you're getting close to retirement and looking for flexible, well-paying work, think about becoming an Independent Director for big Indian companies. More skilled independent directors are needed due to new laws. This is because small businesses are growing and startups are booming, and certain companies must have independent directors – those listed, large, or planning an IPO.

Independent Directors are crucial for good company management. They make sure decisions are fair and prevent any problems. As an independent director, you'd go to board meetings, review finances, and ask important questions to make sure the company is doing things right. The pay is good too.

Being an Independent Director is prestigious. New laws say you can earn from Rs. 12 lakhs to Rs. 24 lakhs plus a percent of the company's worth. What's great is you can do this part-time, there's no retirement age, and your experience keeps helping you.

India's move to digital and new business rules after COVID-19 mean more informal businesses are becoming formal. This opens up more chances. Over 20,798 people are Independent Directors, with more than half passing the needed exam.

India has a lot of companies – almost 22 lakh. There are 1.67 lakh with legal status and 7.5 K listed ones. We need many more Independent Directors. Even if you're a CEO, CXO, or startup founder, passing this exam shows you know how to run a company well.

To be an independent director, passing a test is a must

Who is eligible to become Independent directors?

Section 149(6) of Companies Act, 2013 lays down the eligibility criteria for an Independent Director. This clause is exclusionary in nature and rather tells us who may not become an independent director for a company  
 
As the name suggests, an independent director needs to be impartial, thus a person who is already in the capacity of a Promoter or a Director or a relative of the Promoter or Director of either the Company or its subsidiary he/she is not eligible to become an Independent director. Similarly if a person has any pecuniary relationship with the company’s holding, subsidiary or associate company or their promoters or directors during 2 years they may not hold the given position. 

However, registering oneself in the Independent Directors database may make the person eligible to hold this position in any company provided they do not fall against the above criteria.

Duties of an Independent Director

• Bring an independent and objective view on the Board of Directors deliberations.
• Scrutinize the performance of the management, including the Board.
• Ensure the integrity of the Financial statements and risk management system.
• Protect the interests of all stakeholders, specially the minority shareholders.
• Balance conflict of interests and determine remuneration of the directors and other Key Managerial personnels.

Why is the self-assessment proficiency test important?

Rule 6(4) of the Companies (Appointment and Qualification of Directors) Rules, 2014 has made it mandatory for all independent directors who names are registered with the Independent Director Database to pass the online proficiency self-assessment test, conducted by the Indian Institute of Corporate Affairs (IICA) within a period of two years from the date of inclusion of his name in the databank.

Failing to pass the proficiency test within the above mentioned period shall result in removal of name from the databank of the IICA.

The best part is that there is no limit on the number of attempts an individual may take for passing the online proficiency self-assessment test.

Course Structure

Course Details

A student will be provided the following-

• Total Number of MCQs: 1500+
• Total Number of Notes: 200+
• Total Number of Live Classes: 48 (2 live classes per week)
• Total Number of Pre-recorded Videos: 400+
• Total Number of Case Study: 7

Who should take this course?

Are you ready to elevate your corporate journey? Embark on a transformative learning experience with our comprehensive course designed for individuals seeking to excel as independent directors. 

Whether you're an aspiring board member, a corporate leader eyeing board transitions, a legal luminary, a visionary entrepreneur, or a seasoned professional embarking on retirement, this course is tailor-made for you.

If you're aspiring to steer organizations towards success, this course provides you with the insights and skills needed to thrive in boardrooms.

If you're a corporate executive looking to take your expertise to the board level, our program equips you with the tools to seamlessly transition.

For legal experts seeking to contribute strategic insights at the governance level, our course integrates legal acumen with corporate governance principles.

If you're a business leader aiming to shape policies and drive sustainable growth, our curriculum empowers you to make a lasting impact.

HR professionals desiring to shape organizational strategy and foster inclusive governance will find our course instrumental in expanding their horizons.

Entrepreneurs seeking to broaden their influence and broaden their perspectives can gain a competitive edge through our dynamic syllabus.
For retired professionals, this course offers a meaningful path to continue contributing by sharing your wisdom and insights on governance boards.

Elevate your career trajectory by enrolling in the Independent Directors Databank Online Proficiency Self Assessment Test conducted by the prestigious Indian Institute of Corporate Affairs.

Join us in this journey of learning, growth, and empowerment. Become a part of the league of exceptional minds that drive effective governance and corporate excellence

What will you learn from this course?

Are you ready to immerse yourself in a transformative learning experience? Welcome to the Independent Directors Databank Online Proficiency Self Assessment Test, an empowering journey curated by the esteemed Indian Institute of Corporate Affairs.

Embark on a voyage of knowledge that will not only equip you with invaluable insights but also empower you to excel as an independent director in today's dynamic corporate landscape. Delve into the depths of corporate laws, regulations, and governance codes, gaining a profound understanding that will elevate your decision-making prowess.

Discover the pivotal role that an independent director plays within an organization. Uncover the layers of responsibilities that come with this esteemed position, ensuring that you are well-prepared to make impactful contributions to the boards you serve on.

One of the core pillars of this course is to equip you with a solid foundation in the "Basics of Accounting." You will delve into the world of financial analysis techniques, enabling you to critically assess a company's performance through the lens of its financial statements. Gain the ability to decipher financial data, unraveling insights that drive strategic decisions and foster sustainable growth.

But that's not all – this course goes beyond the essentials. You will delve into the intricacies of corporate governance practices, immersing yourself in case studies, real-world scenarios, and interactive simulations. Engage with industry experts, fellow participants, and a plethora of resources that amplify your learning journey.

Expand your knowledge horizons with additional course highlights:

• Explore ethical challenges that often arise in the boardroom, and develop the tools to make ethically sound decisions.
• Master the art of identifying, assessing, and mitigating risks, ensuring the organizations you serve are resilient in the face of uncertainties.
• Elevate your strategic thinking abilities, learning to align organizational goals with evolving market dynamics.
• Embrace a holistic learning approach that encourages introspection, collaboration, and continuous growth. Join a network of like-minded professionals, all driven by a shared passion for effective governance and transformational leadership.

Enroll today and embark on a journey that will not only enhance your proficiency but also reshape your perspective as an independent director

Training Methodology

Online 24/7 access

Access to basic study material through an online learning management system, Android and iOS app

Live Online Classes and Mocks

1 topic-wise mock in every class | 5-subject-wise mocks to practice answers | 6 full length monthly mocks.

Convenient Class timings

Classes are held after regular work hours. Typically classes are kept on Sunday afternoon or 7-8 pm on other days.

Live Doubt Clearing

You can ask questions, get your doubt cleared live as well as through online forums

Who will be your potential clients / employers

• Listed Corporations: Renowned publicly traded companies are on the lookout for experienced and astute board members to navigate the complexities of the corporate landscape. As an adept independent director, you could find yourself contributing to the strategic direction and decision-making of these industry leaders.
• Non-Listed Enterprises: Beyond the stock exchange, private businesses also recognize the value of visionary leaders in their boardrooms. Your proficiency could position you as a sought-after asset for companies eager to benefit from your strategic insights and governance acumen.
• Emerging Startups: Imagine being a guiding force for startups poised to disrupt industries. Your deep understanding of corporate affairs and governance could provide these budding ventures with the stability and foresight they need to flourish.
• Non-Profit Organizations: Your skills aren't limited to the for-profit sector. Non-profits, charities, and foundations often require expert guidance to ensure their missions are achieved efficiently and ethically. Your involvement could help them make a lasting positive impact.
• Government Advisory Boards: Public-sector entities seek knowledgeable individuals to contribute to policy-making and decision-shaping. Your proficiency as an independent director could make you a sought-after voice in shaping the future of governance.
• Educational Institutions: Share your wisdom with the next generation of leaders by becoming a faculty member or guest lecturer. Your journey through this course could equip you to inspire and train aspiring directors.
• Consulting Firms: Your mastery in corporate governance could position you as a consultant, aiding companies in optimizing their board structures, practices, and compliance strategies.
• International Opportunities: With globalization, your expertise could transcend borders. Multinational corporations and organizations could seek your guidance as they navigate cross-cultural complexities.
• Industry Associations: Become an influencer within your industry's associations, contributing to discussions that shape industry standards and practices.

What kind of recruitment and placement support will I get?

We are the only organisation in India with such a comprehensive and exercise-based training methodology for courses. Many employers, law firms and companies are happy to recruit our high performing students.

If you do well in your exercises and classes, we can help you to get jobs, internships and assessment internships in good law firms, with renowned lawyers as well as in various companies.

We believe in empowering our learners not just with knowledge and skills, but also with real-world opportunities. That's why we have a dedicated team in place to support you with placements, internships, and freelance opportunities.

Our placement team has a proven track record of success. Between April 2021 and June 2023, we have helped over 21000 students secure job and internship opportunities. Our achievements have been recognized by leading media outlets, including The Hindu, Business World, and India Education Diary.

We are proud to say that total value of work secured amounts to over Rs. 2.7 Crore or USD 3,30,000 by Lawsikho for its students. Our Student has record of securing Highest Domestic Earning of INR 30 LPA. (USD 37,500) & International INR 50 LPA (USD 62,500)

From the moment you enroll in our course, our placement team will be by your side. They will help you set goals and identify actionable steps to achieve them. Our support includes exercises to create a standout CV, mock interviews to enhance your confidence, and valuable assistance during your critical first month at an internship or job.

We have established collaborations with numerous recruiters who trust and prefer to hire through our platform. They recognize the caliber of our students and the comprehensive training they receive. By aligning with us, you gain an advantage in the job market and open doors to exciting career prospects.

What is unique about this course?

• This course stands out for its unparalleled features designed to provide you with a comprehensive and enriching learning experience
• Learn from industry experts who bring their extensive experience and insights into the curriculum, offering you a world-class educational journey.
• Immerse yourself in learning through real-life case references that bridge theory and practical application, enhancing your understanding of concepts.
• Engage with dynamic study materials that promote active learning, keeping you engrossed and enhancing your comprehension.This is an intensive course that demands your commitment.
• Successful completion of required assignments is necessary to earn the certificate. You should plan to invest 4-5 hours per week in skill development, along with attending classes.
• Our expert instructors will lead interactive classes with high-quality discussions. These discussions will not only clarify your doubts during classes but also outside through course groups and email.
• You'll receive personalized attention and coaching from assigned trainers. Additionally, a dedicated course anchor will assist you with submissions, guidance, and any issues you encounter as you progress through the course.
• Expect detailed feedback on your assignments, which will greatly enhance your performance.
• Throughout the course, you'll develop your writing skills through six assignments. Exceptional pieces may even be published on the iPleaders blog, which attracts over a million monthly visitors. This opportunity can significantly boost your portfolio.

How will you clear my doubts and help me if I am struggling to understand or learn a concept?

• Inside our learning management platform, you will have a dedicated space to ask any doubts you may have. Our team of experts is committed to addressing your queries and concerns within one working day, providing you with the support you need to progress in your learning journey.
• If you require further clarification on the feedback received for an exercise or seek career guidance, you will have the option to schedule a one-on-one call. Our evaluators and mentors are ready to assist you, ensuring you receive valuable insights tailored to your specific needs.
• Our platform offers a discussion forum where you can initiate discussions, share insights, and collaborate with others. Engage in meaningful conversations, gain diverse perspectives, and build a supportive community of like-minded individuals.

Certification

This course is recognized by the National Skill Development Corporation, a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India. You will receive a certificate cobranded by NSDC and Skill India on successful completion.

This is how the certificate from NSDC and Skill India will look as per the current applicable format (may change as per the approval authorities):

Money-back guarantee

If you take this course, follow it diligently for a month, do all the exercises but still do not find value in it, or not able to understand or follow it or not find it good for any reason, we will refund the entire course fee to you. It is a 100% money-back guarantee with only one condition, you must pursue it properly for a month. If you don’t find it valuable after that, get your entire money back.

View Refund Policy

Specific learning objectives

Embark on a transformative learning journey with the Independent Directors Databank Online Proficiency Self Assessment Test, thoughtfully curated by the esteemed Indian Institute of Corporate Affairs. 

This comprehensive course is designed to equip participants with a profound understanding of the dynamic landscape of corporate governance and board responsibilities, backed by a thorough grasp of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

What You'll Learn:

Delve into the intricacies of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015, gaining a comprehensive grasp of the legal nuances that shape corporate operations. Understand the key provisions and their implications on business practices, enabling you to make informed decisions and ensure compliance.

Unlock the principles that underpin effective corporate governance. Gain insights into the mechanisms that uphold transparency, fairness, and accountability within organizations. Explore the roles and responsibilities of directors in fostering a culture of ethical leadership, fostering stakeholder trust, and driving sustainable growth.

Immerse yourself in real-life case studies that illuminate the complexities of corporate governance and board dynamics. Analyze and dissect these cases to glean practical insights that bridge theory and application. Through these studies, refine your problem-solving skills and enhance your ability to navigate real-world challenges.

Expanding Horizons:

Building upon the core objectives, this course goes beyond the basics to provide participants with a holistic learning experience. Engage with additional facets of independent directorship and corporate governance, including:

• Risk Management: Uncover strategies to identify, assess, and mitigate risks that organizations encounter in their operations. Develop a keen understanding of risk governance frameworks that safeguard both the company's interests and its stakeholders.
• Evolving Regulatory Landscape: Stay ahead in a dynamic business environment by exploring updates and amendments to relevant regulations. Comprehend the implications of regulatory changes and learn to adapt governance practices accordingly.
• Ethics and Integrity: Delve into the ethical dimensions of corporate decision-making. Understand how personal and organizational values influence directorial choices, and learn how to navigate ethical dilemmas that may arise.
• Stakeholder Engagement: Explore the art of fostering meaningful relationships with various stakeholders, from shareholders to employees, and communities to regulators. Discover strategies for effective communication and collaboration that contribute to overall organizational success.

What kind of assignments will you get?

• In this engaging course, we offer a diverse range of assignments that are meticulously curated to enhance your expertise. One of the highlights includes our comprehensive mock tests. These tests are strategically designed to closely emulate the exact pattern and structure of the real examination.
• Our mock tests provide you with an unparalleled opportunity to immerse yourself in scenarios that mirror the actual exam conditions. By experiencing these realistic simulations, you can build confidence, fine-tune your skills, and acclimate yourself to the examination environment.
• Our mission is to enable you to unlock your full potential as an independent director. 
• The assignments, particularly the comprehensive mock tests, are the key to honing your abilities and excelling in the Independent Directors Databank proficiency assessment.
• Embrace this opportunity to refine your knowledge and skills as you walk the path towards becoming a proficient Independent Director