Friday, October 21, 2005

Role of an independent director


What role do independent directors play?

An independent director is a non-executive director on the board of a company who has integrity, expertise and independence to balance the interests of various stake holders. The idea of having them is to bring objectivity to board decisions and to protect general interests of the company, including that of minority and small shareholders. Independent directors are expected to improve corporate governance in a company.

See full Article.