Question
An NED sends instructions directly to a mid-level officer regarding operational matters. Which of the following is correct?
Solution
NED as an individual, shall have no power to act on behalf of the PVB nor can they give any direction to the employees of the PVB on behalf of the management. A NED shall desist from sending any instructions to the individual officers on any matters and such cases, if any, shall be routed through the MD&CEO / CEO of the PVB. Further, if any information is required for the purpose of taking a decision or reviewing the situation at the Board level, it shall be sought from the management. NEDs must: • Not send instructions directly to officers • Route all matters through MD&CEO/CEO
More Corporate Governance and CSR Questions
- What is the maximum continuous tenure for an MD & CEO in a bank?
- Dual hatting” in context of CRO means:
- The "Fit and Proper" criteria assessment does NOT include:
- What is the minimum age for a person to be appointed as a director in a bank?
- If a bank is listed on a stock exchange, it must also comply with:
- A candidate for Chief technical Officer CTO has 15 years of IT experience, including 3 years at senior management level. Is the candidate eligible?
- The primary objective of these Reserve Bank of India (Commercial Banks - Governance) Directions, 2025 is to ensure:
- Which of the following portfolios is strictly prohibited from being assigned to the CVO?
- What is meant by the jargon CSR?
- Corporate Governance is more important in financial institution. Which of the following statement doesn’t provide strong reason for this?
