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 non-executive director towards the company.
A non-executive director is a director who does not participate in the day-to-day management but is involved in making policies and taking strategic decisions in the company. Non-executive directors are sometimes appointed to lend prestige to the company due to their standing in the society.
Non-executive directors are sometimes appointed to lend prestige to the company due to their standing in the society.
Major elements of Appointment letter for Non-executive directors are as under: