1. What is a Non- Executive Director appointment letter?
An appointment letter for a Non-executive independent director is a formal letter appointing a person as a non-executive director. It outlines the terms and conditions of the appointment and duties and responsibilities of such a non-executive director towards the company.
2. Why is it important?
a. It helps in making policies and taking strategic decisions in the company by the director.
b. Non-executive directors are sometimes appointed to lend prestige to the company due to their standing in society.
c. Non-executive directors are sometimes appointed to lend prestige to the company due to their standing in society.
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