Independent directors in Indian companies need to be strengthened for better corporate governance and company performance. Family ownership influences board priorities, which impact firm performance. Trust and financial experience of independent directors are crucial for shareholder and stakeholder interests. A framework on ownership, boards, and performance interaction is needed. Independent directors affect return rates in specific investment types. Busy independent directors do not harm returns. They resign in unsatisfactory performance and accept losses in negative performance. Independent directors are vital for implementing good corporate governance practices.