Under the Companies Act 2013, it is one of the duties of Independent Directors as enshrined under Schedule IV to undertake appropriate induction and regularly update and refresh their skills, knowledge
and familiarity with the Company and keep them well informed about the Company and the external environment in which it operates.
It is only by means of effective training and sensitization would the Board be able to discharge their duties as prescribed under Section 166 of the Companies Act 2013. The behaviour and
effectiveness of the Board is a concern for stakeholders and hence it is fundamental to carry out the valuable exercise of evaluation. This practice also helps in creating ownership amongst the Board.