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The article considers the role of independent directors in the governance of companies. It puts forth the role of independent directors in the good governance of companies and looks at the issues that question the independence of the independent directors
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The executive remuneration policy of financial institutions has been indicated as one of the key factors that led to the recent financial crisis. As a consequence a number of legislative initiatives and best practices have been imposed,aimed at strengthening existing and creating new standards...
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-mandated committees have highlighted four key deficiencies with bank boards before the crisis: (i) group think among bank board members … significant difference in the proportion of directors has turned over from bank boards since 2007 relative to boards of 1 …,297 firms in other industries; (ii) evidence of greater gender or racial diversity in bank boards or of a greater split between …
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