[IICA Independent Director] 14, Board Culture and the Ethics of Saying No

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 Schedule IV of the Companies Act, 2013 and SEBI LODR Regulation 4 establish independent board ethics and culture. - How to evaluate promoter pressure and related party transactions while identifying missing facts and conflicts of interest. - How to distinguish unauthorised public leaks, lawful reporting obligations and proper internal scrutiny. - How to practice respectful refusal and ensure proper recording of dissent in formal board minutes. - The CARE framework decision rule for navigating complex ethical scenarios on the IICA online proficiency assessment. OpenExamPrep is an independent educational platform and is not affiliated with or endorsed by the Indian Institute of Corporate Affairs or the Ministry of Corporate Affairs. Access additional practice tools at https://open-exam-prep.com/practice/in-iica-independent-director and watch video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026: - https://www.independentdirectorsdatabank.in/ - https://www.sebi.gov.in/legal/regulations.html