The chart looks good.
A look across 7,000 companies by A stotz investment research in nine Asian markets finds that India has the highest board independence of 48% compared to the Asian average at 39%, followed by Singapore at 46% and Malaysia at 43%. More independent board should lead to better shareholder protection right?
Most promoter held companies in India have board members who are either related or known to promoters and that makes them hardly an INDEPENDENT