Companies in India, both in Private Sector as well as Public Sector, are required to appoint the independent directors on their Board in order to ensure the sound corporate governance practices. Necessary provisions have been made by the Government under the Companies Act.
On 16th April 2014, I have written an article titled Gujarat riots 2002: Why Modi is being attacked continuously by various NGOs? At that time also, I have questioned the modus operandi of these so-called NGOs as well as the complete lack of transparency in their funding, working and objectives.
Even before the incident of Badaun Gang Rape, the Indian state of Uttar Pradesh was infamous for its Jungle Raj and Gunda Raj''. Media, political leaders, social activists and people from all sections of the society has accused that the State Government led by Samajwadi Party is being run in a manner and style that it is protecting and encouraging anti-social and criminal elements at the cost of the law abiding citizens.
On the very first day of assuming charge, the BJP Government constituted a SIT on Black Money as ordered by the Apex Court. SIT, at best, could bring back the money, which is lying in foreign banks. Only time will tell as to how far this SIT will succeed in its objective.