[IICA Independent Director] 11, Due Diligence Before Joining a Board

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to conduct structured pre-appointment due diligence before accepting an independent director position. - How to distinguish Companies Act statutory duties from SEBI LODR rules for listed entities. - How to evaluate financial health, auditor turnover, pending litigation, and information access. - Why declining an appointment is a response to unresolved integrity defects rather than commercial risk alone. - Key exam traps regarding promoter indemnities and statutory director responsibilities. OpenExamPrep provides independent educational prep resources for candidates preparing for the IICA Independent Director Online Proficiency Self-Assessment Test. Explore prep material at https://open-exam-prep.com/practice/in-iica-independent-director and https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 - https://www.independentdirectorsdatabank.in/ - https://www.mca.gov.in/ - https://www.sebi.gov.in/legal/regulations.html