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You can become an independent director, and be appointed to the board of directors of large companies in India.

This is a part-time gig which carries incredible prestige and you can earn a substantial amount for being a part of the board of companies.

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Every listed company, a large public company with paid up share capital in excess of INR 10 crores or turnover of more than INR 100 crores or outstanding loans, debentures and deposits is more than INR 50 crore or a funded startup which plans to do an IPO, must appoint at least one-third independent directors to its board if its a public listed company and at least 2 independent directors if its a public unlisted company.

However, to be appointed as an independent director, you need to clear a one-hour online proficiency self-assessment test organised by Indian Institute of Corporate Affairs, and have your name entered in a database called the Independent Directors’ Databank, which only takes about 3 months’ preparation.

The test will assess your knowledge of company law, securities law, corporate governance, corporate social responsibility, and some aspects of accounting and finance.

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