Meetings of the Board /Committee through Video Conferencing-An Overview
With intent to support the largely globalised corporate structure and enable them meet the statutory compliances and simultaneously adhere to good corporate governance practices, the Ministry has introduced the much awaited concept of enabling participation of Directors in the meetings of the Board/Committee of Directors through Video Conferencing. This stride towards e-governance is not only a move which will largely support green initiatives but also a big boon of big corporate houses and Multi National companies which severely required this provision to enable active participation of their Board members being globally located in various Meetings.
The Ministry vide General Circular No. 28/2011 dt. 20/05/2011, besides enabling participation of the Directors in the meetings of the Board/Committees through electronic mode, has clarified much of the technical issues which might have otherwise been encountered as hurdles to the effective implementation of the process.